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 Santee Village II738 and 746 South Los Angeles Street,743 Santee Street, Los Angeles Description:
Santee Village II will consist of 216 residential loft condominium units located at the northern terminus of Santee Street in the Fashion District of Downtown Los Angeles. The Project consists of three office/light industrial buildings constructed between 1913 and 1920. The existing buildings will be restored and converted into new for-sale loft units. Project amenities include a rooftop pool with patio BBQ area, fitness center and spa, rooftop golf range, putting green and basketball court. Parking will be located beneath the buildings and in neighboring parking facilities.
Location:
The property’s central downtown location provides easy access to the Pasadena/Harbor (110), Golden State (5), Hollywood (101) and Santa Monica (10) Freeways. The abutting freeways provide convenient commuting from the site to all sections of Los Angeles and Orange Counties. The Project is also located within a half mile of parks and recreational facilities, grocery and shopping centers, numerous restaurants and two public schools. The property is only minutes away from Dodger Stadium, the Hollywood Bowl and Exposition Park. Other cultural and entertainment amenities in the greater neighborhood area include the Music Center of Los Angeles County, the Museum of Modern Art and the Los Angeles Central Library.
Size:
287,516 sq ft on 0.85 acres
Community
Benefits: A minimum of 66% of the units are projected to sell at prices affordable by households at or below 150% of Area Median Income. In addition, the property is located in census tract 2260.00 which is designated a low-to-moderate income area according to HUD, and is located in the Central Business District Redevelopment Area, the City Center Redevelopment Area, and the Downtown Adaptive Reuse Incentive Area for the City of Los Angeles. Furthermore, the property has been designated a Historical/Cultural Monument by the City of Los Angeles.
Developer:
MJW Investments is a full service real estate development and management company founded in 1983. Over the past 20 years, MJW has developed over 100 projects in the greater Los Angeles area, central California, northern California and Reno, Nevada.
Project Cost:
$92,225,000
Financed By:
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