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Construction underway on 46-unit affordable housing complex in Del Rey

Construction underway on 46-unit affordable housing complex in Del Rey

Built World Los Angeles, CA local

Five-story Inglewood Boulevard building replaces a 1950s triplex and has no on-site parking.

Today: Construction underway at 5403 S. Inglewood Blvd.

Overview

Updated 2 hours ago

A 1950s triplex at 5403 S. Inglewood Blvd. is gone. In its place, HVN Development has started a five-story building with 46 one-bedroom apartments for very low-, low-, and moderate-income renters.

The project was approved in 2025 under density bonus incentives, which let it exceed standard zoning in exchange for affordable units. It has no on-site automobile parking.

Why it matters

It adds 46 affordable homes to Del Rey and tests whether density-bonus approvals can deliver housing without on-site parking.

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Key Indicators

46
Apartments
One-bedroom units in the five-story building.
5
Stories
Floors in the wood-frame building.
0
On-site parking spaces
The project has no on-site automobile parking.
3
Income tiers
Very low-, low-, and moderate-income apartments.

Voices

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People Involved

TB
Tommy Beadel
Founder, HVN Development
Leading developer of the Del Rey project

Organizations Involved

DE
HVN Development
Affordable housing developer
Building the 46-unit Del Rey project

HVN Development is an affordable-housing developer active on Los Angeles' Westside.
SA
Stockton Architects
Architecture firm
Designing the five-story Del Rey project

Stockton Architects is the architecture firm designing the 5403 S. Inglewood Blvd. project.

Timeline

2025 October 2026

2 events Latest: Today

  1. Construction underway at 5403 S. Inglewood Blvd.

    Today Construction

    A five-story, 46-unit affordable building is rising after the 1950s triplex was demolished.

  2. Project approved under density bonus

    Approval

    The project received approval under density bonus incentives and streamlined approvals.

Scenarios

1

Complex opens and leases all 46 apartments by 2028

Likely Resolves by End of 2028

Discussed by: Urbanize LA project reporting and city permit records

Construction proceeds on the five-story wood-frame building. The trigger is a certificate of occupancy and the start of leasing.

2

Construction stalls for 12 months or more

Possible Resolves by End of 2028

Discussed by: Local construction tracking and city inspection records

Work stops long enough to push completion past the expected window. The trigger is a sustained halt in inspections or permits.

3

Project is redesigned to add parking or cut units

Unlikely Resolves by End of 2028

Discussed by: Los Angeles City Planning case files

A revised plan changes the building before completion. The trigger is a new entitlement or permit that alters unit count or parking.

Historical Context

One moment from history that rhymes with this story — and how it unfolded.

1950s

Postwar triplex construction (1950s)

The site at 5403 S. Inglewood Blvd. held a three-unit apartment building built in the 1950s. It was part of Del Rey's low-density residential stock before the current project.

Then

The triplex was demolished to make way for a five-story building.

Now

The replacement raises the number of homes on the lot from three to 46 and shifts the block toward higher density.

Why this matters now

The project shows how small older buildings can be redeveloped under affordable-housing incentives.

Sources

(1)
Urbanize LA