An entity affiliated with Los Angeles-based real estate investment firm SAFCO Capital has filed plans to construct a multifamily residential development on an empty lot in Westlake.

The project site, located at 261 S. Burlington Avenue, would consist of a six-story structure featuring 130 residential units atop two levels of basement parking.  A standalone retail building would be built adjacent to the apartments at the corner of Burlington and 3rd Street.

SAFCO is seeking entitlements with the Transit Oriented Communities incentives, and would accordingly set aside 13 apartments for extremely low-income households - or those making 30 percent or less than the Los Angeles area median income.

According to a representative of SAFCO Capital, the project will offer a mix of studio, one-, and two-bedroom apartments, in addition to a gym.  Construction is anticipated to begin in mid-2019.

SAFCO has also entitled a property at the corner of 8th Street and Park View Avenue for a similar development featuring 144 apartments and retail, and has several other projects planned throughout the Westlake neighborhood.