LaTerra Select Los Feliz II will include 150 apartment units with 12,200 square feet of street level retail. The property is across the street from LaTerra Select Los Feliz I, which contains 96 apartments with approximately 8,700 square feet of retail (together, LaTerra’s Los Feliz projects contain 246 apartments and approximately 21,000 square feet of retail).
LaTerra purchased the site fully entitled in August 2017 but redesigned the project to improve efficiency, maximize net rentable square footage, and better fit within the context of the neighborhood. The project has 24 affordable units.
The property hosts a hotel-esque leasing lobby, 24-hour fitness center, community clubroom and co-working space and a secret “spin” room for kicking back and listening to records. Residents will enjoy the luscious meandering courtyards, alfresco dining, and extravagant rooftop pool deck with breathtaking views of the Hollywood Sign, Griffith Observatory, and DTLA.
Los Feliz is one of the most trendy and hip submarkets in Los Angeles. The property is within walking distance to numerous restaurants and bars, and is contiguous to Barnsdall Art Park, which is home to a Frank Lloyd Wright house with spectacular views to Griffith Observatory and the Hollywood sign. The site is one block away from a large medical center hub with 15,000 jobs, a short drive from Netflix’ Southern California headquarters, an 800-yard walk to the Sunset/Vermont metro station and a 15-minute commute to downtown.
Source: LaTerra Development