VF Developments, LLC has leased up 920 Everett Street, a 2000s built modern style multifamily property after completing major renovations. The community is located in the highly desirable Victor Heights neighborhood in Los Angeles, California. Victor Heights is a hillside area just north of the city of Los Angeles and near Chinatown with sweeping views of downtown LA.
Victoria Vu, a renowned designer and Managing Partner of VF Developments, LLC carefully designed and restored the rental homes. Ms. Vu was formerly a leading Halloween costume designer and is a graduate of the prestigious Fashion Institute of Design & Merchandising. All units have stunning views of the downtown LA skyline. These luxury rental homes feature keyless entry door locks to spacious two-bedroom floor plans with newly upgraded kitchens and bathrooms. The kitchens boast white stone quartz countertops with brand new self-closing cabinetry and high-end stainless-steel Whirlpool refrigerators with matching gas cooktop with oven and microwave. Bathrooms have been enhanced with new bathtubs and glass shower doors. The apartment homes are separately metered with 10 onsite parking spaces. 920 Everett Street has a Walk Score of 87 out of 100 – a Very Walkable location so most errands can be accomplished on foot. This location is in the Greater Echo Park Elysian neighborhood in Los Angeles.
This downtown Los Angeles modern two-story garden walkup in Victor Heights has six spacious two-bedroom two bath units. Victor Heights is a small hillside neighborhood in downtown LA located east of Echo Park, northeast of Angeleno Heights, southwest of Elysian Park, and northwest of Chinatown. Located just down the street from Everett Park and around the corner from The Elysian, a William Pereira-designed mid-century office building repurposed and transformed with 91 luxury live/work suites and two-story penthouses. Victor Heights is bounded by Sunset Boulevard on the south, 110 freeway and Chinatown on the east, Stadium Way on the north, and Marview Avenue on the west.
After three long years, Los Angeles County’s COVID emergency ended on March 31, 2023. L.A. County’s COVID-19 emergency tenant regulations gave low-income tenants protections in eviction court if they couldn’t pay rent on time due to economic harms brought on by the pandemic. But those tenants had to pay their April rent on time — or face eviction. For rent owed from March 1, 2020 to September 30, 2021, tenants were required to pay back due rent by August 1, 2023 and for rent owed from October 1, 2021 to January 31, 2023, tenants must pay by this February 1, 2024.
Victoria Vu commented, “As a first generation American we strive to enhance the communities around us and create modern living spaces for our residents. We are excited to complete the renovation on 920 Everett Street, bring the property to market, and lease it up to provide much needed affordable housing to the city of Los Angeles. We also plan to build an ADU (accessory dwelling unit) in the large parking area with a very affordable rent. Although it’s unfortunate to go through evictions, we look to get ‘back to normal’ in LA now that the eviction moratorium has finally ended after three long years and residents must begin paying rent again. The eviction moratorium caused significant harm to owners who had make their mortgage payments with little to no relief from their lenders. Although the state promised reimbursement funds such as the Housing is Key program to cover the delinquent rents, many tenants either did not apply or were not qualified to receive rent funding and were denied.”
Kim Vu added, “America is the land of opportunity. As a refugee who fled Viet Nam during the war on a raft with my family, its surreal that I am now managing a major apartment renovation in the Chinatown area of Los Angeles. The team that completed the renovations on the exterior of the building and interiors of the units were entirely locally based minority vendors, employees, and contractors. We are proud to create jobs in the Chinatown area for minorities, significantly improve the community, and provide more affordable housing.”
