New Venice Apartment Project Adds 12 Residential Units
The proposed four-story building in Los Angeles includes two units for low-income housing to help meet city goals.
Updated on Oct. 30, 2026 in Apartments
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A developer has filed plans to replace two single-family homes in Venice with a new four-story apartment building. The project, which would add 12 residential units to the local housing stock, includes two units reserved for low-income tenants.
Why it matters
The proposal aligns with broader municipal efforts to address a persistent housing squeeze in Los Angeles, where increasing demand continues to outpace available supply. To meet state-mandated goals by 2029, the city is prioritizing infill developments like this one, which utilize density bonuses to increase residential capacity.
The project proposes replacing two homes with 12 units, including two low-income rentals. This is part of a larger mandate for the City of Los Angeles to create 456,643 new housing units by 2029, including 184,721 affordable options.
The players
2317 Oakwood LLC
A residential property developer that filed plans for the Venice apartment project.
Los Angeles Department of City Planning
The municipal agency responsible for zoning, land use, and managing citywide housing goals.
The details
The developer, 2317 Oakwood LLC, is seeking density bonus incentives from the Los Angeles Department of City Planning to exceed standard zoning height and unit limits. By designating two of the 12 units as low-income housing, the developer can build a larger four-story structure on the site than would typically be permitted. The proposed plan includes parking space for eight vehicles to accommodate the incoming residents.
Timeline
The application for 2315 South Oakwood Avenue was filed on October 30, 2026.
The City of Los Angeles has until 2029 to meet its mandated housing unit goals.
Money Landscape
Los Angeles is currently undergoing a significant shift toward higher-density infill development to combat a long-term supply shortage. This project follows the state-mandated housing goals, which require the city to add hundreds of thousands of units by 2029 to improve local affordability.
If you are a local renter, these projects represent a gradual increase in the available supply of multi-family housing in Venice and surrounding neighborhoods. While individual impacts vary, you may wish to track city planning updates to stay informed about potential shifts in neighborhood density and future rental availability.
The takeaway
This development is a small-scale example of the broader push to expand residential density in established Los Angeles neighborhoods. Residents can monitor future housing supply trends by reviewing city planning updates for their specific council district.
Further reading
For more on the local rental market, visit Apartments.
Source note: This article includes information reported by The Real Deal New York.
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