Affordable housing on the rise at 3990 S. Wade. St. in Mar Vista
New affordable apartments are under construction at 3990 S. Wade Street in Mar Vista, where a single-family home once stood. The five-story building by ELAD Investment will offer 21 units for low- and moderate-income renters, using density bonus rules to exceed standard zoning limits. For LA entrepreneurs, the project highlights growing opportunities in workforce housing development and adaptive reuse in walkable neighborhoods.
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Summary written by Entrepreneurs Of Los Angeles. The original reporting belongs to Urbanize LA; we do not republish the article.