12001 Pico Boulevard (Credit: Google Maps)
Another residential real estate building featuring an affordable component is slated for Sawtelle.
West Coast Investors, a privately held real estate firm based in Santa Monica, filed plans last week to build an 80-unit mixed-use building on Pico Boulevard, according to documents filed with the Department of City Planning.
The developer is hoping to take advantage of the transit-oriented communities program, which grants leeway in regards to a project’s density, height and parking requirements. Out of the 80 units, eight will be affordable.
The project will also have about 4,000 square feet of commercial space and 82 parking spots. It’s set to rise at 12001 Pico Boulevard, at the site of an existing pet supply store.
West Coast Investors acquired the property in 2004 for $3 million, property records show.
The firm owns and develops over 60 mixed-use or retail centers in Southern California, Miami and Maui. A representative at the firm did not respond to requests for comment.
Its plans for a Sawtelle apartment complex come days after Los Angeles-based Broumand Development filed an application for a 99-unit residential complex nearby at 11628 Santa Monica Boulevard. That project would include eight units for low-income residents.
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