Hollywood Community Housing Advances 104 Unit Peak Plaza Apartments Near LA Metro Line

• Hollywood Community Housing Corp is developing a 104-unit affordable housing project
• Project targets households earning 30 to 60 percent of the area median income
• Located along a transit corridor near the Metro A Line with retail included

What The Project Means For Transit-Oriented Development

A new mixed-use affordable housing project is taking shape at 306 East Washington Boulevard in Los Angeles. Known as Peak Plaza Apartments, the seven-story development is being led by Hollywood Community Housing Corp. The project is designed to activate the street with ground-floor commercial space and residential entries, aligning with broader efforts to build density along transit corridors. Its location near the Metro A Line strengthens its appeal for residents seeking connectivity without reliance on cars.

What The Design Means For Urban Density

The building rises seven stories and incorporates a layered design with recessed volumes and open-air spaces. A mid-level terrace creates shared outdoor space while breaking up the building mass. This type of design reflects a shift toward more livable, affordable housing, where access to light, air, and community space is prioritized alongside unit count. The integration of these features helps improve tenant experience while maintaining efficient density.

What The Unit Mix And Income Targeting Mean

The development will include 104 units ranging from studios to three-bedroom layouts. These units are reserved for households earning between 30 and 60 percent of the area median income, along with two manager units. This income targeting addresses a critical segment of the market that continues to face limited supply. Projects like this are essential for stabilizing workforce housing in high-cost cities like Los Angeles.

What The Financing Structure Means For Future Deals

The project is backed by a mix of public and private financing, including tax credit equity and funding tied to Measure ULA. This layered capital stack is common in affordable housing and allows developers to make projects financially viable while keeping rents below market. The involvement of public funding also signals continued policy support for affordable housing development, especially in transit-oriented locations.

What This Means For Investors And Landlords

This project highlights the growing concentration of affordable housing along transit corridors in Los Angeles. For investors, it reinforces the role of public incentives in unlocking development opportunities. For landlords, increased affordable supply may add competition at lower price points, but it also strengthens neighborhoods by increasing density and supporting local retail.