VF Developments, LLC has announced the completion of renovations at 920 Everett Street, a multifamily property located in the Victor Heights neighborhood near Chinatown in Los Angeles. The project focused on unit reconfigurations and upgrades, bringing modern two- and three-bedroom apartments to the market in a highly desirable area. The renovated property, originally built in the 2000s, now features spacious floor plans with newly modernized kitchens, bathrooms, and in-unit washer and dryers. Victoria Vu, Managing Partner of VF Developments, led the design and restoration efforts. The units boast views of the Downtown Los Angeles skyline and include high-end finishes such as white stone quartz countertops, self-closing cabinetry, and stainless-steel Whirlpool appliances.
Located in the Greater Echo Park Elysian neighborhood, 920 Everett Street offers residents a walkable location with a Walk Score of 87 out of 100. The property's proximity to downtown Los Angeles and various amenities makes it an attractive option for those seeking modern living spaces in an urban setting. James Kemple, general contractor for VF Developments, highlighted the company's commitment to community improvement, stating that the renovation team consisted entirely of locally based minority vendors, employees, and contractors. He emphasized their pride in creating jobs in the Chinatown area for minorities, improving the community, and providing more affordable housing.
The renovation project included enhancements to the exterior design, new wood exterior façade, fresh paint, landscaping with bright white rocks and succulents, and completely restored interior finishes. The property consists of six spacious two- and three-bedroom, two-bath units, and plans are in place to build an accessory dwelling unit (ADU) in the large parking area to provide additional affordable housing options. Victoria Vu expressed excitement about bringing the property to market, noting the incredible interest they've experienced since pre-leasing began. She emphasized the company's goal of enhancing communities and creating modern living spaces for residents.
Kim Vu, another representative of VF Developments, highlighted the high-quality finishes of the apartment homes and the convenience of in-unit washer and dryers. She also emphasized the property's spectacular views of downtown Los Angeles and its proximity to everything the city has to offer. This project is part of VF Developments' larger portfolio, which includes over $69 million in multifamily properties acquired since 2015, totaling 40 properties and 256 units. The company focuses on providing neighborhoods in gentrifying areas of Los Angeles and Orange County with Class A building design finishes at accessible and affordable market rents.
The completion of 920 Everett Street represents a significant addition to the local housing market, offering modern, affordable living options in a prime location. As Los Angeles continues to grapple with housing challenges, projects like this one demonstrate the potential for private companies to contribute to community development and address housing needs through thoughtful renovation and repositioning of existing properties. For more information about VF Developments and their projects, visit https://www.vfdevelopments.com.
