LADBS Permits 145-Unit Apartment Building on South Figueroa

The Los Angeles Department of Building and Safety has issued a permit for a new 145-unit apartment building at 7311 S. Figueroa St, on the South Figueroa corridor in South Los Angeles near Exposition Park and USC. The permit, numbered 22010-10000-04963, covers units 1 through 145 and lists a declared job value of $5.0 million, a construction-cost figure used to calculate permit fees, not a sale price or market valuation of the finished project. LADBS issued the permit on October 13.

No developer is named on the permit record reviewed for this story. Public listings tied to the same address describe conflicting prior proposals for the site, including a smaller mixed-use filing and a separate affordable-housing offering, but neither matches this permit’s unit count or issuance date closely enough to confirm who is building it. This story will be updated if a confirmed project sponsor surfaces.

Why it matters

A 145-unit new-construction permit is a sizable addition to the South Figueroa corridor, a stretch of South LA that has drawn steady multifamily interest tied to its proximity to USC and Exposition Park. For developers, contractors, and agents tracking supply in South Los Angeles, a project of this size moving from paper to an issued building permit signals that construction-ready multifamily deals in the submarket are still clearing the city’s permitting process, even as larger entitlement fights elsewhere in the corridor have dragged on for years.

The numbers

• Permit number: 22010-10000-04963
• Units: 145 (units 1 through 145)
• Declared job value: $5.0 million
• Permit type: Bldg-New, Apartment
• Issued: October 13, 2026

What’s next

With the permit issued, the standard next step is a construction start, typically marked by a site mobilization or foundation filing with LADBS. No groundbreaking has been reported yet. Track the broader submarket at Los Angeles.