Oakwood CA LLC has secured a $21.5 million construction loan for the development of a 68-unit apartment property in the East Hollywood submarket of Los Angeles.
The site is located at 4065 Oakwood Ave. in the East Hollywood submarket. The five-story building will feature two studios, 25 one-bedroom units and 41 two-bedroom units with the average unit size totaling 1,059 sq. ft.
The development will feature a 4,000 sq. ft. courtyard and 100 parking spaces. The project is expected to be completed in 2022.