The project also includes an apartment building on the east side of the street that is being rehabbed. Work on the seven-unit building could be completed by December, she said, with work on the entire project wrapped up by Jan. 2013.
The timetable is in line with a short arc for the project.
“We went into escrow September 2010 and in one year a plan was submitted and approved, we relocated residents and we’re ready to go,” Arandes said. “It’s gone very fast.”
Demolition of several single-story residences, an apartment building and garages started at about 11 a.m. Thursday to make way for the new project.
A few neighbors peeked out of from their balconies at a tractor tearing down a pink one-story building. City employees looked on and others cheered as the tractor knocked down walls, crunched through windows and flattened a roof.
“I’m having so much fun,” Arandes said. “It’s been a lot of work and this is a good sign that we’re getting it done.”
Five new buildings will go up on the four parcels, along with a courtyard, community rooms and semi-subterranean parking, she added.
“It’s going to beautify the neighborhood,” Mayor Jess Talamantes said at the demolition. “It’s good for the police department and fire department. In upgrading the project, I hope the surrounding property owners will improve their properties as well.”
The apartments will be offered to tenants who fall into the extremely-low, very-low, lower- and moderate-income groups, Arandes said.
Rents charged are proportionate to income, Arandes said.
Rent would be $432 for a family in the extremely-low income bracket, for example, she said, adding that costs for gas and electricity are deducted from the rent, so the housing cost doesn’t exceed $432.
A family of four earning less than $25,600 falls in the extremely-low income bracket; incomes below $42,700 are considered very low; incomes under $68,300 are considered lower income; and incomes below $76,800 are considered moderate.
The numbers are based on 2011 affordable rent and income limits for Los Angeles County set by the U.S. Department of Housing and Urban Development.