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The Real Deal: Glassell Park Redevelopment to Turn Former Church Site into 37 Homes

Northeast LA neighborhood “cost-effective” for infill projects

Nelavida is featured on The Real Deal.

By Andrew Asch

In Glassell Park, a neighborhood in Northeast Los Angeles bordering Eagle Rock and Mount Washington, a division of 37 homes will be built on the former grounds of a Mormon church that was destroyed by a brush fire in 2015.

IHP Capital Partners, the project’s equity investor in Newport Beach, and Comstock Homes, a builder headquartered in El Segundo, recently formed a joint venture to develop the 1.9-acre site at 3845 Fletcher Drive. The currently unnamed project will feature detached, single family homes with floor plans ranging from 1,650 square feet to 1,740 square feet. The homes will include two-to-three bedrooms and two-and-half bathrooms.

Construction is planned to start in the first quarter of 2023. Home sales are anticipated to begin in the second quarter of 2023, said Jeff Enes, IHP’s senior vice president. A 37-home development is a sizable number for an infill project, he added.

“L.A. doesn’t have a lot of development opportunities. It is all really redevelopment,” Enes said. “One of the advantages of infill development is there’s less competition for new homes. That dynamic is attractive to our investors, especially in a housing cycle that is slowing due to rising mortgage rates.”

Enes said pricing the homes would be determined before construction ends. He did not disclose how much the project would cost to build.

The site was previously a chapel for the Church of Jesus Christ of Latter-day Saints. The July 2015 fire started along the 2 Freeway but quickly spread to the church and collapsed the roof.

IHP has served as equity investor for a handful of other infill developments in the Los Angeles area, including the Williams Valley Village project of 26 townhomes and single-family homes in the Valley Village area of the San Fernando Valley. There’s also Williams Ranch, a 497-home master planned community in the Santa Clarita Valley, and Mirren, a 33-home development in Arcadia.