Local developer plans 86 units in Westchester

The site at 8521 S. Sepulveda Boulevard
The site at 8521 S. Sepulveda Boulevard

Local real estate firm Caladan Investments filed plans to build a mixed-use complex with 86 residential units and 1,000 square feet of commercial space in Westchester, city records show.

The L-shaped property at 8521 S. Sepulveda Boulevard currently houses a vacant restaurant. The plans call for the construction of a five-story building.

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The development would require a density bonus, under which eight units would be reserved for very low-income households, Urbanize reported.

Caladan, through two LLCs, acquired the property for $3.5 million in November 2015, property records show.

The project site, according to Urbanize, is near CIM Group’s La Tijera residential development. [Urbanize]Cathaleen Chen