City Planning Commission

8. CPC-2023-4573-DB-CU-HCA Council District: 5 – Yaroslavsky\nCEQA: ENV-2023-4574-CE Last Day to Act: 03-24-24\nPlan Area: Wilshire\nPUBLIC HEARING – Completed January 9, 2024\nPROJECT SITE: 8331, 8335, 8337, 8339, 8343, 8349 West 3rd Street\nPROPOSED PROJECT:\nConstruction, use, and maintenance of a new eight-story, mixed use residential building, 100 feet in height,\ncontaining a total of 77 dwelling units with eight units reserved for Extremely Low Income Households. The\nproposed project will contain approximately 90,066 square feet of floor area, equating to a total Floor Area\nRatio (FAR) of approximately 4.66:1, including approximately 11,026 square feet of commercial retail space\non the ground floor. The Project will provide approximately 2,188 square feet of credited open space that\nincludes a podium courtyard, sky deck, business lounge, fitness room, and aqua lounge. Additionally, 5,328\nsquare feet of non-credited open space will include private balconies; podium courtyard, business lounge,\nfitness room, and aqua lounge. The Project will provide 38 vehicle parking spaces and a total of 78 bicycle\nparking spaces.\nREQUESTED ACTIONS:\n1. Pursuant to California Environmental Quality Act (CEQA) Guidelines, an Exemption from CEQA\npursuant to CEQA Guidelines, Article 19, Section 15332, Class 32, and that there is no substantial\nevidence demonstrating that an exception to a categorical exemption pursuant to CEQA Guidelines,\nSection 15300.2 applies;\n2. Pursuant to Section 12.22 A.25 of the Los Angeles Municipal Code (LAMC), a Density Bonus to permit\na Housing Development Project consisting of 77 dwelling units, [with eights units – 15 percent of the\nbase density set aside for Extremely Low Income Households], along with the following Off-Menu\nIncentives and Waivers of Development Standards:\na. An Off-Menu Incentive to permit a Floor Area Ratio (FAR) of up to 4.66:1 FAR in lieu of the 1.5:1\nFAR otherwise permitted;\nb. An Off-Menu Incentive to permit up to a 75 percent reduction in required open space;\nc. An Off-Menu Incentive to permit a maximum building height of up to 100 feet, up to five additional\nstories, in lieu of 45 feet, three stories, otherwise permitted;\nd. A Waiver of Development Standards to permit a reduced westerly rear yard setback of zero feet\nin lieu of 20 feet otherwise required; and\ne. A Waiver of Development Standards to waive the loading space requirement otherwise required\npursuant to LAMC Section 12.21 C.6; and\n3. Pursuant to LAMC Section 12.24 U.26, a Conditional Use to allow a Density Bonus for a Housing\nDevelopment Project in which the density increase is greater than otherwise permitted by LAMC\nSection 12.22 A.25.\nApplicant: Daniel Taban, Flores Fund LLC\nRepresentative: Jonathan Yang, Irvine & Associates, Inc.\nStaff: Alice Okumura, City Planning Associate\nalice.okumura@lacity.org\n(213) 978-1356