807 Waterloo St, Los Angeles, CA 90026

Description

801-807 Waterloo Street is a fully entitled affordable housing development site in the heart of Echo Park. Two adjacent parcels totaling 12,613 square feet. Approved entitlements for 131 income-restricted units and letter of Compliance already in hand. The plan calls for a seven-story mid-rise using Type III over Type I construction. At roughly 65,000 buildable square feet, the unit mix breaks down to 84 singles and 47 one-bedrooms. A rooftop deck, multiple open recreation areas, and space for supportive services are built into the design. The 50% design development plan package is included, and the Welfare Tax Exemption is already BOE-approved. Both are significant time ...