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Olson Homes plots waterway-adjacent multifamily project in San Gabriel

Developer requested density bonus in exchange for affordable housing units

Olson Homes CEO Scott Laurie and a rendering of plans for 824 South Gladys Avenue

An Orange County developer is poised to boost San Gabriel’s multifamily housing supply as the L.A. County city inches toward its state-mandated housing goal.

Seal Beach-based Olson Homes is planning to develop a vacant lot at 824 South Gladys Avenue with 80 residential units and 165 parking spaces, Urbanize Los Angeles reported

The developer is seeking a density bonus in exchange for designating four units, or 5 percent, for very-low-income tenants. The building would consist of one-, two-, three- and four-bedroom units across several three-story buildings centered on a shared open space. 

The development site is on the banks of the Rubio Wash, a concrete flood-control channel running through Altadena, San Gabriel, Rosemead and South El Monte in the San Gabriel Valley. The Rubio Wash is a focal point for development projects along the waterway. 

At 201 North San Gabriel Boulevard, developer Panku is moving forward with plans for Rubio Village, a mixed-use project with 225 residential units above 13,500 square feet of commercial space and parking. The site has been targeted for redevelopment since 2007, when the previous landowner proposed 159 residential units. Panku secured entitlements for a 179-unit complex on the 2.9-acre property in May 2022, Urbanize reported.

A block west, on a 6-acre site at 700-800 South San Gabriel Boulevard, Pacific Plaza Premier Development Group is working on its Pacific Square apartment development, another mixed-use project slated to add residential and commercial space to the city’s housing stock. The plans call for two buildings with 243 units above 73,000 square feet of ground-floor retail and subterranean parking for 983 vehicles, per Urbanize

The City of San Gabriel is required by state law to plan for 3,023 new housing units by the end of the decade.— Chris Malone Méndez

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