PHD Apartments
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1020 S. Kingsley Dr., 90006
1400 S. Kenmore Ave., 90006
1401 S. Arlington Ave., 90019
1745 W. 20th St., 90007
1810 Magnolia Ave., 90006
[all locations Los Angeles, CA]

2011


The Professional Housing and Development (PHD) Apartments are an acquisition and rehabilitation of an “at-risk” federally assisted 83-unit project that consists of five separate buildings located in and adjacent to Koreatown. The low-rise apartments were originally built in the 1920s and 1930s and had been renovated during the 1970s.


Unit Mix


83 units (54 studio units, 26 one-bedroom units, 2 two-bedroom units, 1 one-bedroom manager’s unit)


Affordability


Low-income households (30% - 50% AMI).


Development Team


Lead Developer LTSC CDC
Community Partner Koreatown Youth and Community Center (KYCC)
Equity Partner N/A
Architect Birba Group Architects
Contractor Westport Construction / Icon Builders


Project Financing


Predevelopment / Acquisition

    • Century Housing
    • Local Initiatives Support Corporation
    • Low Income Investment Fund

Construction / Permanent

    • California Tax Credit Allocation Committee: American Recovery and Reinvestment Act
    • City of Los Angeles Housing Department
    • PNC Real Estate
    • US Department of Housing and Urban Development: HUD 221(d)4 Program