
Here's How California's New Housing Law Is Starting to Transform Apartment Buildings
By Jack Witthaus CoStar News December 2, 2021 | 3:52 P.M. Parking spaces, storage closets and even laundry rooms are being transformed into apartments in Los Angeles as residential investors look for creative ways to take advantage of a changed state law to maximize value in existing buildings amid a severe housing shortage. Los Angeles developer LaTerra Development is the latest to take a creative approach to adding units, revealing plans on Dec. 1 to build 10 additional dwe