6753 Selma Ave
Los Angeles, CA 90028
Land For Sale · 0.14 AC

SELMA PLACE is currently entitled for a 7-story mixed-use project with 51 units, of which 8 units (or 15% of base density) are set aside in a combo of Restricted Affordable Housing at Very Low Income (VLI), 455 square feet of retail/commercial space and ±1,000 square feet of coworking space (including conditional). The unit mix and size were designed with a corporate housing business model in mind, lending to short term leases with a higher net return. The residential units are designed to have floor-to-ceiling glass windows that will offer stunning views of the Hollywood Sign and skyline to the North, Downtown Los Angeles to the East, and the future high-rise development planned across the street to the South. The exterior material of the building is designed to have mirror-metal vertical fins, which accentuate the glassy exterior, and communicate a luxurious high-end finish. The outdoor space includes an indoor-outdoor pool deck, and an open-air rooftop movie theater with a view of the Hollywood night lights. 455 square feet of retail/commercial space will front Selma Avenue with an adjacent, sleek residential lobby and access to underground, automated parking.