L.A. Issues Permit for 188 Affordable Apartments in Vermont Square

The five-story, factory-built building at 4327 S. Vermont Ave. would hold 150 low-income and 37 moderate-income one-bedroom units.

All 188 apartments planned for 4327 S. Vermont Ave. are one-bedrooms, and every one of them is reserved for a low- or moderate-income household.

The city issued the building permit Oct. 2, according to L.A. Department of Building and Safety records on Los Angeles' open-data portal. The site is in Vermont Square, in South Los Angeles, inside Council District 9 and the Voices neighborhood council area. A permit isn't a building. Plans change, permits lapse and some projects never go up, but this one now has the city's signature on its plans.

The Building and Safety record describes a five-story building, 53 feet tall, with 89,039 square feet inside. It's stamped "*ED-1 100% AFFORDABLE*." Of the 188 units, the permit assigns 150 to low-income households and 37 to moderate-income ones. It doesn't say what the last unit is for.

The building is listed as "Factory Built," so its apartments are made somewhere else and set in place on Vermont. The record doesn't name a developer, but its details match a project Urbanize LA reported at 4301 S. Vermont Ave. That's SoLa Impact's five-story, 188-unit complex of one-bedrooms for low- and moderate-income tenants. Open Office designed it, and Model Z, a SoLa Impact subsidiary, supplies the prefabricated modules.

Plans went in on April 4, 2023, Building and Safety records show. The permit came out 1,277 days later.

A lot happened in between. SoLa Impact used Executive Directive 1's streamlining provisions to get the project approved, Urbanize LA reported, and in 2025 it secured a $35 million construction loan from Acore Capital, arranged by Walker & Dunlop. Site prep had already begun by May, according to Urbanize LA, on land that used to hold a commercial building and parking. The Building and Safety permit lists the work's valuation at $5.9 million and doesn't break down what that figure covers.

The lot is zoned for commercial use, C2-2D-CPIO in the city's shorthand, according to the Building and Safety record. The permit says the project relies on two state density bonus laws, AB 1763 and AB 2345, along with "off-menu incentives and waivers." Those density bonus incentives let a fully affordable project build bigger than zoning would otherwise allow, Urbanize LA reported.

It isn't SoLa Impact's only project like this. Urbanize LA describes the company as holding thousands of apartments in South Los Angeles, and it's working on a similar development at 3905 S. Normandie Ave.

The plans Urbanize LA described draw the building as an L, wrapped around the commercial building that already stands where 43rd Street meets Vermont. That corner building stays. If the permit turns into a building, 188 households will live around it.

Source: data.lacity.org, retrieved October 7, 2026. Other sources: la.urbanize.city, la.urbanize.city (2).