Login

Here's How California's New Housing Law Is Starting to Transform Apartment Buildings

Luxury Revamp in West Hollywood Will See New Residential Units Replace Storage, Laundry Areas
LaTerra Development bought the 42-unit apartment property at 1121 N. La Cienega Blvd. in West Hollywood, California, and has plans to add 10 more units to the property. (CoStar)
LaTerra Development bought the 42-unit apartment property at 1121 N. La Cienega Blvd. in West Hollywood, California, and has plans to add 10 more units to the property. (CoStar)
CoStar News
December 2, 2021 | 11:52 P.M.

Parking spaces, storage closets and even laundry rooms are being transformed into apartments in Los Angeles as residential investors look for creative ways to take advantage of a changed state law to maximize value in existing buildings amid a severe housing shortage.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE


News | Here's How California's New Housing Law Is Starting to Transform Apartment Buildings