Avenida

Status: In Pre-Development

321 N Vermont Ave
Los Angeles, California

Avenida will rehabilitate the current Avenue Hotel located at the meeting point between the Koreatown and Rampart Village neighborhoods. Avenida will serve entirely chronically unhoused households in Los Angeles. When completed, Avenida will contain 76 studio units, laundry facilities, supportive service and property management offices, an update of all fire life safety, additional security system features, ADA-upgrades, and a community room.

Just a few steps away from the Vermont/Beverly Metro Red (B) Line station, Avenida will be centrally located to grocery stores, restaurants, and economic and continuing education opportunities for its future residents.

At A Glance

Construction Type Rehab / Motel Conversion
Property Type Apartments
Unit Type Studios
Units for Chronically Homeless 75
Expected Completion Date: March 2023
Tenant Mix: 100% supportive
Apartments: 75 apartments and 1 manager’s apartment
Rental Rates: 75 units @ 30% AMI
Funding Sources: CA Housing and Community Development Project Homekey II
County of Los Angeles: CEO-HI

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