Developer dips into Echo Park market with Temple Street apartment and pool complex

Aug 5, 2013

Rendering of City View Apartments/4 Site Real Estate & Holtz Architecture

In contrast to all the new stores, restaurants and bars that have opened on Sunset Boulevard in Echo Park,  the pace is much slower a few blocks south on Temple Street, which has attracted only a trickle of new businesses in recent years.  But the the pace of change might be picking up soon as a developer plans to build a sleek , new 49-unit apartment complex on Temple Street complete with a large swimming pool.

City View Apartments, which is being built by 4 Site Real Estate of Silver Lake, has pulled city permits to demolish several old buildings, including one dating to 1899,  and construct 44,000-square feet of living space in the 1600 block of Temple Street between Glendale Boulevard and Belmont Avenue. The 33,000-square foot building site on the north side of the street would occupy a position in the middle of the block roughly between but not including Tribal Cafe on the west and the Chevron station on the east.

While much of the new residential development south of the 101 Freeway has been in the form of affordable-housing complexes set aside for low-income residents, City View would rank as among the largest, market-rate apartment complexes to built along Temple.  Rents are projected to range from between $1,700 for one-bedroom and studio units to $2,500 for two-bedroom, two-bath  units, according to Todd Wexman of 4 Site.

“Many younger people area moving into the area due to excellent access to many parts of the city and (relative) affordability,” Wexman said via email.

In addition to 49 apartments, the development would include 75 parking spaces, fitness room, biking parking area and a pool along Temple Street.

Wexman’s firm has been busy in recent years with several residential projects, including the Auburn 7 small-lot project in Silver Lake and four new homes that were recently completed on Scandia Way in Glassell Park.

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