A surface parking lot along a busy stretch of Sunset Boulevard in Silver Lake could be poised for development, according to an application recently submitted to the Los Angeles Department of City Planning.

The project, slated for a roughly .4-acre property at 3004 Sunset Boulevard, is described in its case filing as a five-story edifice containing 74 studio, one-, and two-bedroom apartments and semi-subterranean parking for 64 vehicles.

Requested entitlements for the proposed development include Transit Oriented Communities incentives permitting increased height, floor area, and density beyond zoning limits, as well as reductions to required on-site open space and side-yard setbacks.  Six apartments would be set aside as deed-restricted affordable housing in exchange for the incentives.

Lahmon Architects is designing the apartment complex, which is depicted in elevation plans as a contemporary low-rise structure clad in shades of grey, black, white, and red stucco, as well as other materials.  Planned common amenities include two rooftop decks, a central courtyard, and a fitness center, according to architectural plans.

The owners of the property are listed as Ignacio and Rosa Placido.

The project site is located a few blocks south of Vica, a similar development featuring multifamily housing and retail at 3400 Sunset Boulevard.