Located near the northeast corner of 10th Street and Broadway, the project consists of a four-story, 26,875-square-foot building featuring 39 one-bedroom apartments and one manager's unit. Other components of the apartment complex include a 2,000-square-foot courtyard and community garden, a laundry facility, programming offices, and a community room.
“Close to 10,000 Santa Monica households are rent-burdened, meaning they spend a third or more of their incomes on rent and utilities,” said Santa Monica Mayor Sue Himmelrich in a statement. “That’s roughly one-fifth of all existing Santa Monica households. Real estate development projects like Magnolia Villas are great examples of city government-financed initiatives that help make our City more inclusive through the creation of affordable housing where community members can age-in-place.”
DE Architects designed the Magnolia Villas, which employed a series of cantilevers, inset balconies, and roof terraces to both give the building texture and create common and private decks for use by its residents. Each apartment includes its own balcony.
The apartments at Magnolia Villas are reserved for renters aged 62 and up who earn between 30 and 60 percent of the area median income level.
While Magnolia Villas is complete, EAH remains active in Santa Monica. The developer was recently selected to build up to 150 income-restricted apartments at the site of Parking Structure 3, and has commenced work on a 58-unit affordable housing complex at the former home of Santa Monica Nikkei Hall.
- Magnolia Villas (Urbanize LA)