Hollywood's Montecito Apartments, famous for being Ronald Reagan's first Los Angeles home, is set to renovate. The Los Angeles City Council has approved the release of Community Redevelopment Agency bonds to finance renovations, including paint, upgrades to window treatments and floors, new appliances, and improvements to plumbing and electric. All renovations must meet guidelines set by the CRA to preserve the historic integrity of the art deco structure. Constructed in 1935, the10-story, 118-unit building has been home to Ben Vereen, Montgomery Clift, James Cagney, and even Don Johnson. The Montecito was last rehabbed in 1985 when CRA funds were used to convert the one-time Hollywood newbie hotel into low-income housing for seniors.
· CRA Bonds Approved for Historic Montecito Apartments Renovation [Patch]