California Community

Argyle, Los Angeles

Argyle

Argyle rises from a vacant lot on Western Avenue as part of the revitalization of Hollywood near a Red Line subway station. The 0.8-ac. redevelopment site will include 40 family apartments (71 dua), and the design is a historic Art Deco.

An allocation of $10,058,000 in 9% Low-Income Housing Tax Credits was awarded in 2012. The Los Angeles CRA funded $3,434,000.

The site is located near a hospital, pharmacy and market.

Construction is 3-4 levels of Type V with a level of underground parking. Amenities include a large community room with a computer lab, barbecue area, and children’s playground.

100% affordable: 4 units – 30% AMI, 10 units – 45% AMI, 16 units – 50% AMI, 9 units – 60% AMI.

Year Built

2014

Type

Family

No. Units

40

Total Cost

$16,821,000

Developer

AMCAL Multi-Housing

Contractor

AMCAL General Contractors

Architect

Killefer Flammang

Financing

Equity

$10,360,000

Construction

$9,927,000

Permanent

$2,227,000

Agency

Non-Profit

Gay and Lesbian Elder Housing