Why Silverlake Is Home to L.A.’s Small-Lot Builds

COVO will bring 10 new single-family for-sale homes to Silverlake.

LOS ANGELES—Planet Home Living is building another small-lot ordinance community on the Eastside of Los Angeles. COVO is a follow up to Prism, the developer’s recently completed small-lot project in Eagle Rock, which sold out in weeks. Located in the Silverlake neighborhood, which is no stranger to these small-lot projects, COVO will be a collection of 10 single-family detached homes starting in the $900,000 range.

“This area, so close to the urban core and like other central LA neighborhoods, has a compounding shortage of new housing,” Michael Marini, CEO of Planet Home Living, tells GlobeSt.com. “What was interesting about this property is that it was zoned R3, which is an ideal zoning for a new apartment project.  We could have chosen to permit and build an 18-unit apartment project or even press for a larger 12-unit small lot ordinance project with that zoning, however, we felt strongly that a new 10-unit SLO project was more appropriate, would better fit into the surrounding neighborhood and provide a better quality of living for our homebuyers. Also, anytime we can replace old rundown apartments with new homeowners is a win-win in our books.”