An affiliate of CIM Group has filed plans to develop a six-story, 25-unit mixed-use apartment project in the West Adams neighborhood, according to a planning case opened by the city of Los Angeles this week.
The LA-based developer’s project would rise at 5201 – 5207 West Adams Boulevard, replacing an existing laundromat with a 66-foot-tall building containing five levels of apartments over 1,650 square feet of ground floor retail and subterranean parking.
Sitting at the northwestern corner of the intersection of West Adams Boulevard and Alsace Avenue, the community would hold 23 one-bedrooms ranging in size from 650 to 1,130 square feet and two studios at 430 and 540 square feet, plans show.
The developer is requesting Tier-1 project incentives under the city’s Transit Oriented Communities Incentive Program, including a 20-percent increase in density and an 11-foot height increase (to 66 feet). It would reserve two units for extremely low-income households.
Plans also call for 17 parking spaces and 32 bicycle spaces, along with amenities including a roughly 1,300-square-foot common open space sky deck.
The West Adams parcel that holds the project site and two other parcels were acquired by the affiliate of CIM Group in 2018 for just less than $3 million, Los Angeles County property records show.
