The Los Angeles planning department has approved a six-story, 24-unit apartment project for the Palms neighborhood at the southeastern corner of Regent Street and Dunn Drive, according to its latest weekly planning case report. The owner and applicant behind the project is 3710 Dunn Venture LLC, a company registered in state filings at the Missouri address of Renewable Energy Alternatives.
The new 30,195-square-foot residential development will replace two four-unit apartment buildings built in the 1940s with 19 new market-rate units and five below-market-rate units: three for extremely low incomes, one for very low incomes, and another for low incomes, plans show.
Approvals allow for Tier-3 project incentives under the city’s Transit Oriented Communities Incentive Program, including a 70-percent density bonus and 22-foot height increase.
Named Dunn + Regent, the project will offer a mix of six one-bedrooms averaging 458 square feet, four three-bedrooms averaging 833 square feet, and 14 four-bedrooms averaging 1,241 square feet.
“The mix of unit types will accommodate singles and couples as well as families or shared living/roommate options for the growing workforce in the greater Culver City area,” project representative three6ixty wrote in application documents.
Others involved in the project include Next Architecture and landscape architect SQLA, plans show.
The development will provide 12 automobile spaces and 26 bike stalls, along with amenities including a 1,314-square-foot sky deck.
The site’s existing multifamily properties were acquired through a pair of transactions in November for a combined total of about $4.2 million, according to Los Angeles County property records.
How the hell are that many people going to park? 12 space for that building. The city planners need to get their act together.