Los Angeles-based developer Oakmont Capital is planning yet another multifamily residential complex in Palms.

The company's latest project, slated to replace three single-family homes and a triplex at the southwest corner of National Boulevard and Canfield Avenue, would consist of a six-story, 67-foot-tall apartment building containing 50 apartments, 50 parking stalls, and 8,740 square feet of open space.

Requested entitlements include Transit Oriented Communities incentives, indicating that the project would incorporate on-site affordable housing.

The project site is located across Canfield Avenue from an under-construction triplex and a recently-completed small lot subdivision, and midway between the Expo Line's Culver City and Palms Stations.

Oakmont Capital has five other proposed or under-construction residential developments in Palms, including three mixed-use buildings slated for Overland Avenue.