Privately-owned real estate investment, development and finance company Bolour Associates Inc. (BOLOUR) has secured the entitlements to build a new five-story, for-rent residential apartment building situated on Veteran Avenue in the heart of West Los Angeles, California.
The building will sit at 2424 S. Veteran Avenue in Los Angeles, on the southeast corner of Pico Boulevard and Veteran Avenue. Plans for the development include 30 studio, one- and two-bedroom apartment units ranging from approximately 475 to 975 square feet.
“We’re excited to bring much-needed housing along an important portion of Pico Boulevard,” said BOLOUR CEO Mark Bolour. “We have worked hard to bring this opportunity to fruition and know that it will be a great addition to the West LA rental market, giving renters access to the area’s many employment opportunities and recreational attractions.”
Future residents at 2424 S. Veteran Avenue will be surrounded by shopping, dining and entertainment. They will live within walking distance of the UCLA Research Park, formerly known as the Westside Pavilion mall. They will also be one-half mile from the intersection of I-10 and I-405, minutes from the Cheviot Hills Park and Recreation Center, and just five miles from Venice Beach and the Santa Monica State Beach and Pier.
AFCO Design, Inc. serves as the project architect. The design architect is 64 North.
BOLOUR is a fully integrated real estate investment, development and finance firm that invests in value-add assets in emerging and transit-oriented neighborhoods. Property types include: urban infill land, retail, industrial, multi-family and mixed-use. As part of its platform, BOLOUR provides individually designed debt solutions with a track record of offering quick closings and designing creative loan structures. The company is currently active in the District of Columbia and 17 states: California, Arizona, Texas, Oregon, Colorado, Idaho, Utah, Washington, Tennessee, North Carolina, Georgia, Pennsylvania, Massachusetts, Maryland, Virginia, Florida and Illinois.
