A historic Beverly Grove apartment complex built in the Great Depression has been converted to condos, which are now on the market, starting at under $1 million.
The dwellings were designed and built by Meyer and Holler, a firm that rose to prominence in the 1920s, becoming “the exclusive builders of Hollywood’s elite.” It designed a number of famous Los Angeles landmarks, including the Egyptian Theatre and Grauman’s Chinese Theatre, the property’s historic-cultural landmark application states.
The nine 90-year-old apartments at 118-126 North Flores Street are now eight one- and two-bedroom condos, and the complex has been renamed The Meyer at 3rd. Each unit has its own private outdoor deck, high ceilings, wainscoting, wood-burning fireplaces, and in-unit washers and dryers, as well as design details reminiscent of the 1930s and ’40s.
Turning the apartments into condos was framed as a compromise by the property owner, BLDG Flores LLC, which had once wanted to raze the two-building complex and put up townhomes.
After the owner used the Ellis Act to empty out the rent-stabilized apartments in 2015, tenants and preservation advocates successfully rallied to get the building designated a historic-cultural monument, now known as the Mendel and Mabel Meyer Courtyard Apartments.
In 2017, the owner received city approval to convert the apartments to condos. Condo conversions are generally not approved if the area’s vacancy rate is below 5 percent, and the LA Tenants Union filed an appeal, arguing that the vacancy data the city used was out-of-date.
At a City Council meeting considering the appeal, Councilmember Paul Koretz, who represents the area, agreed that the vacancy rate was most likely below 5 percent, but ultimately voted to deny the appeal.