Edmond Bina of BRC Advisors has announced the sales of 12431 Rochester Avenue, a vacant retail site in West Los Angeles.

The property, located at the northeast corner of Centinela Avenue and Santa Monica Boulevard, was purchased for more than $7 million by Simon Lazar and Sam Mostadim of the development Oakmont Capital.  The property is entitled for a 50-unit apartment building, featuring a mixture of one- and two-bedroom units.

A groundbreaking for the project is anticipated later this year.

The project, which is being designed by Reed Architectural Group, is portrayed as a contemporary five-story building clad with stucco and metal siding.

Rendering by Reed Architectural Group
Image via Google Maps

From the Web

Small Lot Homes to Replace Triplex in Silver Lake

The development site is located just south of Fountain Avenue.

A series of early 20th century buildings in Silver Lake could make way for a new development of small lot homes.

The project, filed earlier this week with the City of Los Angeles, would replace a triplex at 1756-1762 Griffith Park Boulevard with 12 single-family residences.