Large resi complex in Palms would include affordable component

The proposed development is slated for 409 units, including 45 for low-income residents

TRD LOS ANGELES /
May.May 24, 2018 12:30 PM
3443 S. Sepulveda Boulevard

More affordable units are coming to Palms, as a developer filed plans for the second project in three months to feature low-income housing for the westside enclave.

An unidentified developer filed plans on Wednesday to build a seven-story mixed-use building at 3443 S. Sepulveda Boulevard with 409 total units, according to the Department of City Planning. It will feature 45 affordable units, which the filing applicant requested in exchange for a 35 percent density bonus.

Pending approvals, the complex will include some retail and dining options. It’s currently home to a shuttered, 40,000-square-foot Albertsons supermarket.

The owner of the 121,000-square-foot lot is tied to Reliable Properties, a real estate acquisition and development firm based in Carthay, in Central Los Angeles. The firm purchased the property in 2005, property records show.

Reliable Properties did not return requests for comment.

Elsewhere in Palms, another developer is seeking approvals for a mixed-use project located near a transit hub. The 187-unit would rise at 3664-3688 Overland Avenue, and include 19 affordable units, along with 3,864 square feet of commercial space.


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