1021 Vermont Ave, Los Angeles, CA 90029
14,000 SF of 4-Star Retail Space Available in Los Angeles, CA 90029
For Lease
Active
6 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 24 days
- Property Type
-
Multifamily
- RSF (Rentable Sq. Ft)
- 173,514 SF
Listing Contacts
Danny Raffle
Sharon Carz
Property Overview
The Santa Monica & Vermont (SMV) Apartments will be a new construction transit oriented development
of two 6-story structures built in one simultaneous phase. The total unit count will be 187- units. This is a
mixed use, 100% affordable and permanent supportive housing project done in collaboration with the Los
Angeles County Metropolitan Transportation Authority (LACMTA). It is adjacent to and on top of the
Vermont/Santa Monica Red Line Metro station in East Hollywood.
This environmentally sustainable infill development is a generational opportunity to co-locate affordable
housing with transit, jobs, services, and amenities. It will consist of two buildings totaling approximately
170,000 square feet on a 50,000 square foot infill site. Construction type is Type I/Type III combination,
with the basement and ground floor being Type IA and Floors 2 through 6 Type IIIA. Residential units will
consist of a mix of 63 studios, 75 one bedrooms, 44 two bedrooms, and 5 three bedrooms, with twenty
washer and dryer units across two laundry rooms.
The ground floor will be activated by approximately 20,000 sq. ft. of commercial and community uses,
including a federally qualified health center; community rooms and social service offices; and commercial
spaces prioritizing the tenancy of local legacy businesses. There will be about 20,000 sq. ft. of open space,
including a dining terrace opening up to the Metro Public Plaza, as well as a private courtyard and backyard
patio for potential use as resident gardens, barbecue space, and/or multipurpose programming. There will
be 41 spaces in a subterranean parking structure along with 14 bike stalls.
This will be an environmentally sustainable, LEED certified infill development adjacent to the Vermont/
Santa Monica Metro Red Line station. It will include urban greening components and comprehensive transit
improvements and create more opportunities for transit mobility. Through State of CA AHSC transit funds
already committed, the project will include new transit related infrastructure.
of two 6-story structures built in one simultaneous phase. The total unit count will be 187- units. This is a
mixed use, 100% affordable and permanent supportive housing project done in collaboration with the Los
Angeles County Metropolitan Transportation Authority (LACMTA). It is adjacent to and on top of the
Vermont/Santa Monica Red Line Metro station in East Hollywood.
This environmentally sustainable infill development is a generational opportunity to co-locate affordable
housing with transit, jobs, services, and amenities. It will consist of two buildings totaling approximately
170,000 square feet on a 50,000 square foot infill site. Construction type is Type I/Type III combination,
with the basement and ground floor being Type IA and Floors 2 through 6 Type IIIA. Residential units will
consist of a mix of 63 studios, 75 one bedrooms, 44 two bedrooms, and 5 three bedrooms, with twenty
washer and dryer units across two laundry rooms.
The ground floor will be activated by approximately 20,000 sq. ft. of commercial and community uses,
including a federally qualified health center; community rooms and social service offices; and commercial
spaces prioritizing the tenancy of local legacy businesses. There will be about 20,000 sq. ft. of open space,
including a dining terrace opening up to the Metro Public Plaza, as well as a private courtyard and backyard
patio for potential use as resident gardens, barbecue space, and/or multipurpose programming. There will
be 41 spaces in a subterranean parking structure along with 14 bike stalls.
This will be an environmentally sustainable, LEED certified infill development adjacent to the Vermont/
Santa Monica Metro Red Line station. It will include urban greening components and comprehensive transit
improvements and create more opportunities for transit mobility. Through State of CA AHSC transit funds
already committed, the project will include new transit related infrastructure.
Property Details
- Year Built
- 2024
Highlights
- New to market prime ground floor retail. Mixed use transit line development.
- Timeline: Construction start in Q4 2021. Projected completion in Q2 2024.
- Location adjacent to Los Angeles Community College and Braille Institute.
- MTA estimated weekday ridership: 80,000 on B/Red line.
All available spaces
- Space
- 1st Floor
- Size
- 14,000 SF
- Term
- Negotiable
- Condition
- Shell Space
- Space Subtype
- New
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