Oakmont Capital, a Los Angeles-based development firm, is now midway through construction on a five-story apartment building in the Palms neighborhood.

The project, located mid-block on Dunn Drive between Washington and Venice Boulevards, replaces a single family residence and two parking lots.  The completed development will offer 40 one- and two-bedroom apartments above a surface parking lot.

A rendering of the project, which is described as the Dunn 40, shows a contemporary mid-rise building wrapping around a podium-level courtyard.

The property is located directly across the street from the 3838 apartments, a larger multifamily residential complex which is being developed by California Landmark Group.

Image via Oakmont Capital

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Urban Marketplace 2018 Event Offers Investment & Development Opportunities

ULI Los Angeles Presents Experts and Dealmakers Demonstrating How to Redevelop and Revitalize Neighborhoods

LOS ANGELES, Calif. – Leading experts in urban development will offer ideas and opportunities at the 18th annual Urban Marketplace. The interactive conference and forum by ULI Los Angeles, a District Council of the Urban Land Institute (ULI), is Wednesday, March 28, 2018, 7:30 a.m.