The Real Deal Logo

Trending

Real Housewives’ Lisa Hochstein renting South Beach condo for $32K per monthReal Housewives’ Lisa Hochstein renting South Beach condo for $32K per monthCarolwood flips Beverly Hills strip mall for 70% profit in five monthsCarolwood flips Beverly Hills strip mall for 70% profit in five monthsKushner, RFR default on Dumbo office portfolioKushner, RFR default on Dumbo office portfolioRecord deal: Monarch, Tourmaline buying 801 Brickell for roughly $250MRecord deal: Monarch, Tourmaline buying 801 Brickell for roughly $250M
Popular
Los Angeles

Amoroso Cos plans another apartment complex on West Pico

The 102-unit project in West LA — to replace a strip club — includes an affordable component

11434 W. Pico Boulevard (Credit: Google Maps and iStock)
11434 W. Pico Boulevard (Credit: Google Maps and iStock)

Amoroso Companies is looking to extend its reach on Pico Boulevard with a 102-unit apartment building in West Los Angeles.

The Agoura Hills real estate investment firm is planning a six-story project at 11434 West Pico.

Amoroso bought the property in March for $8 million. It’s currently home to the Fantasy Island strip club and bar. The property is about 21,150 square feet.

Sign Up for the undefined Newsletter

By signing up, you agree to TheRealDeal Terms of Use and acknowledge the data practices in our Privacy Policy.

Amoroso develops commercial, hotel, and single-family homes as well as multifamily.

The project is the family-owned firm’s third on the boulevard in recent years. It is building a 100-unit complex with ground-floor retail about a half mile west on Pico Boulevard. And in Mid-City the firm is planning a multifamily construction with 123 units and ground floor retail. That project would rise over what is now 5935-5953 W. Pico Boulevard.

The latest filing will include 91 market-rate units and 11 units set aside for “extremely low income” renters. Amoroso is requesting a height increase and some other bonuses through the city’s Transit Oriented Communities program, which provides incentives for projects built near transit that include affordable units.

Tags
Development