LOS ANGELES-Downtown Los Angeles will gain something relatively rare in building conversions, 105 for-sale lofts, in a project planned by the principals of Livable Places Inc., who have acquired a four-story warehouse at 238 N. San Fernando Road for the new development.

The principals of Livable acquired the property via Fuller Lofts LLC, according to Allan Maxwell of the Downtown L.A. office of GVA Daum, who says the project will be named Fuller Lofts because the building formerly was occupied by the W.P. Fuller Paint Co. Maxwell and Nick Peukpiboon, also of GVA Daum, represented both the buyers and Vin Sanh Properties LLC, the sellers.

Ryan Lehman, executive director of Los Angeles-based Livable Places Inc., which specializes in infill housing in Southern California, says his company will convert the existing poured-in-place concrete building, construct an additional 20,000-sf structure, and add a parking structure for 150 cars. Designed by the architectural firm of Pugh + Scarpa, the development will feature 1,000 sf of creative office space.

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