VF Developments Completes Renovation of Multifamily Property in Los Angeles' Chinatown Area
TL;DR
VF Developments, LLC completes unit reconfigurations and renovations on two- and three-bedroom units at '920 Everett', a modern multifamily property in a highly desirable neighborhood.
The renovations include keyless entry door locks, modernized kitchens, bathrooms, and in-unit washer and dryers, as well as separate metering and 10 onsite parking spaces.
VF Developments, LLC creates modern living spaces, provides affordable housing, and strives to enhance the communities in Chinatown, Los Angeles.
The renovated multifamily property at '920 Everett' offers stunning views of the Downtown Los Angeles skyline and is located in a very walkable area.
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VF Developments, LLC, a minority and female-owned company, has announced the completion of renovations on a multifamily property at 920 Everett Street in the Victor Heights neighborhood near Chinatown, Los Angeles. The project, which focused on reconfiguring and updating two- and three-bedroom units, aims to provide affordable housing in a highly desirable area with views of downtown LA.
The renovated property, originally built in the 2000s, now features modern amenities including keyless entry, spacious floor plans, and in-unit washer and dryers. Victoria Vu, Managing Partner of VF Developments and a former costume designer, led the design efforts. The renovations included modernizing kitchens with quartz countertops and new appliances, as well as enhancing bathrooms with new fixtures and designer touches.
James Kemple, the general contractor for the project, emphasized the company's commitment to using locally-based minority vendors, employees, and contractors, contributing to job creation in the Chinatown area. This approach aligns with VF Developments' mission to improve communities and provide more affordable housing options.
The property's location in Victor Heights boasts a Walk Score of 87 out of 100, indicating high walkability for residents. Its proximity to Everett Park and other local amenities adds to its appeal. VF Developments plans to further expand affordable housing options by building an accessory dwelling unit (ADU) in the property's parking area.
This project is part of VF Developments' larger portfolio, which includes over $69 million in multifamily properties acquired since 2015. The company's focus on renovating and modernizing properties in gentrifying areas of Los Angeles and Orange County demonstrates a strategy to meet the growing demand for affordable, high-quality housing in urban areas.
The completion of 920 Everett Street comes at a crucial time for Los Angeles, which faces ongoing challenges in providing affordable housing. By renovating existing properties and adding modern amenities, VF Developments is contributing to the city's efforts to increase housing options while maintaining neighborhood character. The project also highlights the potential for minority and female-led businesses to play a significant role in addressing urban housing needs.
Curated from News Direct
