A plan to bring more than 500 new apartments to a South Bay neighborhood is off the table for one Los Angeles developer that has instead opted to sell the shovel-ready site to a national firm that will take over the project amid ongoing headwinds for multifamily development in California.
Developer hands off Los Angeles apartment site as costs derail project
JPI scoops up South Bay land zoned for 525 multifamily units
CoStar News
June 30, 2025 | 9:21 P.M.
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IN THIS ARTICLE
- Properties
- Fountain Valley Apartments
10231 Slater Ave, Fountain Valley, CA
- The Bungalows on Vermont Avenue
22107 Vermont Ave, Torrance, CA
- Companies
- JPI Companies
Construction