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The Los Angeles planning department has approved plans for a seven-story, 81-unit mixed-use project at 3510 – 3522 S. Crenshaw Blvd., according to a determination letter filed by the city last week. The applicant and owner behind the Crenshaw project is CNP 107 LLC, an entity registered to the address of Washington, D.C.-based commercial real estate investment company RSE Capital Partners, according to state business filings.
Plans call for the 16,438-square-foot project site’s lone existing building, an auto repair shop, to be demolished, making way for a 93-foot-tall building with 32 studios, 40 one-bedrooms, seven two-bedrooms, and two three-bedrooms, as well as about 3,885-square-feet of commercial space.
Approvals awarded late last month for the project include Tier-4 project incentives under the city’s Transit Oriented Communities Incentive Program, including a 33-foot height increase (to 93 feet) and 80-percent density bonus to its current proposed unit count. Located at the northeastern corner of Crenshaw Boulevard and 36th Street, the project site is within half a mile of the under construction Crenshaw / LAX Light Rail extension at Exposition and Crenshaw Boulevards. The project developer itself will also set aside nine units for extremely low-income households, plans show.
Designed by LA-based firm 64North, the development will also feature about 6,319 square feet of open space, including a roof deck, courtyard, and private balconies. The development will also provide 23 residential parking spaces in an underground garage and three commercial parking spaces, along with 70 bicycle spaces.
The RSE Capital Partners affiliate acquired the two-parcel project site for $4.15 million, according to a transaction recorded with Los Angeles County in 2019.
Other companies involved in the project include planning and entitlements consulting firm three6ixty, plans show.