Condo conversion and for-sale affordable housing at 7428 Santa Monica Boulevard
Summary
A 31-unit apartment building gets subdivided into condos, permanently removing units from the rental market — but five will remain income-restricted and can be sold to qualified buyers, a first-of-its-kind possibility in the city.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Mar 19, 2026.
Impact analysis
Units priced near $10,000/month in rentals exit the rental market; affordable units will be priced by a city formula.
Condo buyers, including income-qualified purchasers of the restricted units.
Renters, as 31 units permanently leave the rental stock during a regional shortage.
Mentions & discussions (1)
Related development
7428 Santa Monica Boulevard Subdivision
Converts 31 rental units to condos, permanently shrinking the rental stock, while keeping five units income-restricted and potentially for sale.
7494 Santa Monica Boulevard Hotel Change of Use
Creates the Eastside's first small hotel but removes a restaurant tenant and live-work units; remote operation raised neighbor security concerns.
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