Westside real estate scene, October 4, 2021
By Dolores Quintana
Matt Damon sells his Pacific Palisades home after prices drop
As reported by Realtor.com, actor Matt Damon’s home in the Pacific Palisades was finally sold after the price was lowered by $ 3 million. The home was originally bought for $ 15 million, but when it hit the market earlier in 2021, it didn’t attract any buyers until the price dropped to 17.9 millions. The house is a contemporary 13,500 square foot building that features 7 bedrooms and 10 bathrooms with a central atrium and luxury amenities like 35 foot mahogany ceilings and features natural light and natural stone fixtures.
Developer wants to expand Santa Monica development
A new development approved by the Santa Monica City Council has been expanded by developer Yale West, LLC, offering 46 new units, including studios, one-bedroom and multi-room apartments on the southeast corner of Yale and Santa Monica Boulevard, currently vacant plot. The new expanded proposal would claim double the number of units as originally planned and set aside nine apartments for low-income tenants to take advantage of the density bonuses offered by the state government. The apartments would be located on 13,735 square feet of commercial space with two-level underground parking with a total of 118 spaces, as reported by Urbanize Los Angeles.
Seven-story apartment building near Culver border given the go-ahead
As reported by What Now Los Angeles, Mapleton Properties has received approval from the Los Angeles Planning Department for a 207-unit, seven-story apartment building at 10003 Washington Boulevard near the Culver City border. Construction of the property will take place in two phases, the first phase is a seven-storey 111-storey apartment complex that will be built on the site of a former single-family home and car dealership. The second phase of the project will add 19 apartments for very low income households under the city’s TOC program. The second phase will be built after the demolition of a bank building on the property and it will be a seven-story, 96-unit apartment building. This complex will include 126 parking lots and 171 parking spaces for bicycles on a ground floor and two underground parking levels.
Six story development underway at Palms
Developer Robert Green and designers Robert James Taylor Architects, Mika Design Group and MJS Design Group are currently building a six-story apartment complex with eight units built for very low-income households in Palms at 3739-3759 Cardiff Avenue. The building will have parking that can accommodate 150 motor vehicles, a roof terrace and several courtyards available to tenants. This development will also be part of the TOC program to promote affordable housing for low-income families, as reported by Urbanize Los Angeles.
Glass exterior takes shape for the redevelopment of the Trident center
As reported by Urbanized Los Angeles, a $ 300 million redevelopment of the existing property of the former Trident Center office building in the Sawtelle area is progressing. The building will now be surrounded by glass and the area currently spans an entire city block. The building will now be known as Lumen West LA. McCarthy Cook and Northwood Investors modernize the property, 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 will include a two-story extension at the junction of Purdue and Olympic, a park for dogs and steel bridges to connect different parts of the building.
Pico-Robertson development receives approval
In Pico-Robertson, 911 Shenandoah Investment LLC received approval from the Los Angeles Planning Department to construct a new five-story apartment building with 14 units at 911 Shenandoah. Danny and Houman Rabbanian are listed as members of the LLC. This is another TOC incentive project where developers will receive a 70% density bonus and will be required to reserve one unit for a very low income household and one unit for a very low income household only. . The building will replace a duplex that once stood on the property and will include two studios, five one-bedroom units and seven two-bedroom units with 14 spaces in an underground garage. Yael Lir Landscape Architects and San Besbelli Architecture & Planning are designing the building that will have 1,300 feet of open space and 728 feet of ground floor space, as What Now Los Angeles reported.