Westside real estate scene, October 4, 2021
From Dolores Quintana
Matt Damon sells Pacific Palisades Home after falling prices
As reported by Realtor.com, actor Matt Damon’s home in the Pacific Palisades was eventually sold after the price was cut by $ 3 million. The home was originally bought for $ 15 million, but when it launched in early 2021 it didn’t attract a buyer until the price was cut to 17.9 million. The home is a 13,500 square foot modern building that has 7 bedrooms and 10 bathrooms with a central atrium and luxury amenities like 35 foot mahogany ceilings, natural light and natural stone fixtures.
Developer wants to expand Santa Monica development
A new project approved by the Santa Monica City Council has been expanded by developer Yale West, LLC to offer 46 new units, including studios, one-bedroom and multi-bedroom apartments, on the southeast corner of Yale and Santa Monica Boulevard that are currently vacant lot. The new, increased proposal would have twice as many units as originally planned and provide nine apartments for lower-income tenants in order to take advantage of the density premiums offered by the state government. The apartments would be located on 13,735 square meters of commercial space, which has a two-story underground car park with a total of 118 parking spaces, as reported by Urbanize Los Angeles.
Green light for seven-story apartment building near the Culver border
As reported by What Now Los Angeles, Mapleton Properties has received approval from the Los Angeles Planning Department for a seven-story, 207-unit apartment building on 10003 Washington Boulevard near the Culver City border. The property is being built in two phases, phase one is a seven-story, 111 apartment complex that will be built on the site of a former single-family house and car dealership. In the second phase of the project, 19 apartments will be added, which are intended for very low-income households as part of the city’s TOC program. The second construction phase is being built after a bank building has been demolished on the property and is a seven-story apartment building with 96 units. This complex has 126 parking spaces and 171 bicycle parking spaces on a ground floor and two underground garages.
Six story development in progress in Palms
Developer Robert Green and designers Robert James Taylor Architects, Mika Design Group and MJS Design Group are currently building a six-story, eight-unit apartment complex for extremely low-income households in Palms, 3739-3759 Cardiff Avenue. The building will have a parking lot for 150 vehicles, a roof terrace and several inner courtyards for the tenants. This development will also be part of the TOC program to promote affordable housing for low-income families, Urbanize Los Angeles reports.
The outside of glass takes shape for the new development of the Trident Center
As Urbanized Los Angeles reports, a $ 300 million redevelopment of the existing property in the former Trident Center office building in the Sawtelle area is progressing. The building is now being glazed and currently comprises an entire city block. The building is now known as Lumen West LA. McCarthy Cook and Northwood Investors are upgrading the property, with Gensler designing the project. The property is surrounded by Purdue Avenue, Corinth Avenue, Olympic Boulevard and Mississippi Avenue and was built in the 1980s. The project is expected to be completed in 2022 and includes a two-story extension at the intersection of Purdue and Olympic, a dog park and steel bridges to connect different parts of the building.
Pico-Robertson Development receives approval
In Pico-Robertson, 911 Shenandoah Investment LLC has received approval from the Los Angeles Planning Department to build a new five-story apartment building with 14 units in 911 Shenandoah. Danny and Houman Rabbanian are listed as members of the LLC. This is another TOC incentive project where the developers get a 70% density bonus and need to reserve one unit for an extremely low income household and one unit only for a very low income household. The building replaces a maisonette with two studio apartments, five one-room apartments and seven two-room apartments with 14 parking spaces in an underground car park. Yael Lir Landscape Architects and San Besbelli Architecture & Planning are designing the building, which will have over 1,300 feet of open space and 728 feet of ground floor space, as reported by What Now Los Angeles.