New Silicon Beach development opportunity to build a 5 story, 11 unit, 17,000 sq ft apartment building using "bonus density". 10 units consisting of 3B/3B with 1350 sq ft at projected rents based on actual rents nearby of $3,800-$4,000p with one 2B/2B low-income unit with projected $800 rent. Views on the 3rd,4th & 360 view on 5th floor. This quiet street on the end of a cul-de-sac is primed for new multifamily development projects as millennials and young professionals alike continue to move into Mar Vista.
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