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The Real Deal Los Angeles

Local developer plans 86 units in Westchester

Caladan Investments acquired the site for $3.5M in 2015
May 02, 2017 01:30PM

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.

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