REPORT TO COUNCIL
SUBJECT
Title
Public Hearing: Actions on a Multi-family Residential Project at 3141 - 3155 El Camino Real
Report
COUNCIL PILLAR
Promote and Enhance Economic, Housing and Transportation Development
EXECUTIVE SUMMARY
The applicant, Oak Investment Group, LLC, is proposing to construct a 60-unit residential development at 25 dwelling units per acre (du/ac) on two contiguous parcels totaling 2.41 acres. The project site is located in the El Camino Real Focus Area, a local and regional commercial and transportation corridor envisioned for high intensity commercial and residential development in the City's 2010-2030 General Plan. The site is developed with multiple commercial buildings totaling 21,780 square feet and paved parking areas.
The proposed project includes a Mitigated Negative Declaration (MND) and Mitigation Monitoring and Reporting Program (MMRP); a Rezone from Thoroughfare Commercial (CT) to Planned Development (PD); and Tentative Tract Map (CEQ2020-01080, PLN2020-14674 and PLN2020-14705). These entitlements together would allow development of 60 for-sale residential units with resident and guest parking, private street site access and circulation, landscaped open area for shared resident use, and off-site improvements, which includes removal of one-way vehicular bridge over Calabazas Creek adjacent to the project site. The residential units are comprised of 40 townhomes and 20 flats. Nine (15%) of the total number of units are to be provided as affordable housing units and secured with and Affordable Housing Agreement with the City. Covenants, Conditions and Restrictions governed by a Homeowners Associated are to be established and implemented for future private maintenance of the development.
BACKGROUND
The project site is currently designated Community Mixed-Use in the General Plan and is within the El Camino Real Focus Area. This designation provides flexibility to allow development that is either entirely commercial, complet...
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