Real estate investment, development and finance company Bolour Associates Inc. secured entitlements to build a seven-story rental apartment building in East Hollywood’s Melrose Hill neighborhood. Located at 4800 W. Melrose Ave. in Los Angeles, the project will include 61 studio and one-bedroom apartment units along with ground-level retail space.
The property will include five stories of apartment units over two levels of above-grade parking and one level of below-grade parking. Planned project amenities include a gym, common area courtyard and rooftop deck with seating areas and barbeques.
The project sits in the Hollywood Studio District, near the U.S. 101/Hollywood Freeway with proximity to Paramount Studios and culinary and arts offerings.
“Melrose Hill is an up-and-coming Los Angeles neighborhood,” said Bolour CEO Mark Bolour. “We are pleased to add to that momentum in a community where expanding dining, entertainment and employment options only continue to increase the area’s desirability and value.”
