Culver City to get 108-unit mixed-use project

Office boom sparks resi investments in nearby hoods

Los Angeles /
Oct.October 30, 2018 05:07 PM
A developer has proposed a 108-unit mixed-use project in place of this auto shop in Culver City. (Credit: iStock, Google Maps)

Plans were filed today with the city of Los Angeles for a new mixed-use project with 108 residential units in Culver City.

The building, which would be constructed at the site of an auto body shop at 10375 W. Washington Blvd. near Palms, would have 3,600 square feet of commercial space and 11 units set aside as affordable housing.

The application did not include the name of the applicant or owner. Calls to city planning staff were not returned.

According to property records, the auto body repair shop was purchased by Washington Motors LLC in 2015 for $12.8 million, or $1,729 per square foot. The existing building was finished in 1949 and includes 7,400 square feet on a 36,300 square-foot lot.

The applicants are seeking a density bonus though the city’s Transit Oriented Communities (TOC) program. Through the program, incentives are granted to developers who incorporate affordable housing and are within a half-mile of a major transit station. The site is near several bus stops, but it’s one mile from a Metro Expo Line station.

Culver City’s thriving tech and office sectors have spurred multifamily investment nearby. Earlier this year, David Newman announced an 80-unit project on the edge of Palms, replacing a car wash on a half-acre site he bought for $6.7 million in 2015. That project also will utilize a 60-percent density bonus through the TOC program.

At 3664-3688 Overland Avenue, a group related to Oakmont Capital is planning a 187-unit project, and is also taking advantage of TOC bonuses. Also in Palms, a seven-story mixed-use building with 409 units is in the works.


Related Articles

arrow_forward_ios
Frank Gehry and the Ocean Avenue Project (Getty, Ocean Avenue Project, iStock)
Frank Gehry’s long-awaited Santa Monica project takes big step forward
Frank Gehry’s long-awaited Santa Monica project takes big step forward
10756 W Wilkins Ave (Avvo, Labyrinth)
Developers plan five-story apartment building in place of single-family home in Westwood
Developers plan five-story apartment building in place of single-family home in Westwood
Pasadena mayor Victor Gordo and attorney general Rob Bonta (iStock, Rob Bonta, City of Pasadena, Illustration by Kevin Cifuentes for The Real Deal)
Pasadena withstands AG’s slings and arrows on SB 9
Pasadena withstands AG’s slings and arrows on SB 9
 1933 South Broadway (Loopnet, iStock)
Ara Tavitian scores $150M refi on The Reef in DTLA
Ara Tavitian scores $150M refi on The Reef in DTLA
East End Capital's Jonathon Yormak and David Peretz and the southeastern corner of South Alameda Street and 6th Street (East End, Google Maps)
East End Capital plans second studio complex in Arts District
East End Capital plans second studio complex in Arts District
Dollinger Properties' Dave Dollinger and Plaza at Golden Valley mall (Crexi, Getty Images)
$54M for Santa Clarita retail center
$54M for Santa Clarita retail center
1633 Victory Boulevard, Glendale and Senior Planner at City of Glendale Dennis Joe (Google Maps, LinkedIn)
New owner wants to enlarge controversial Glendale hotel project
New owner wants to enlarge controversial Glendale hotel project
80 South Street (Wikipedia)
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
Oceanwide Plaza in DTLA last U.S. project standing for China-based developer
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...