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Los Angeles Apartments Converting Into Affordable Housing After Sale

HACLA, Ethos Real Estate Spend $76 Million on Residences at Woodlake
Roughly 60% of the apartments at the  276-unit Residences at Woodlake at 4551-4611 W. Martin Luther King Jr. Blvd. in Los Angeles are being converted into affordable housing. (Christiaan Cruz/CoStar)
Roughly 60% of the apartments at the 276-unit Residences at Woodlake at 4551-4611 W. Martin Luther King Jr. Blvd. in Los Angeles are being converted into affordable housing. (Christiaan Cruz/CoStar)
CoStar News
January 11, 2023 | 1:24 P.M.

Part of an apartment complex southwest of downtown Los Angeles is turning into affordable housing as greater L.A. wrestles with a dire housing crisis.

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