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.
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