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ta
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<br />SECTION V
<br />RESIDENTIAL PROJECTS PROPOSED IN THE SPECIFIC PLAN
<br />Below is a list of apartments and selected metrics for available products within the 2-Mile Zone. This list only includes properties with 200 or more
<br />units since small complexes are not proposed in the Specific Plan.
<br />Table 4: Existing Multifamily Projects in the 2-Mile Zone
<br />rty Address
<br />17i
<br />Property Na me
<br />I 1b6
<br />s
<br />Rent/SF,
<br />Spacer per
<br />U 1
<br />Vacancy %
<br />400 Enclave Cir
<br />The Enclave at South Coast
<br />2008
<br />874
<br />890
<br />$3,086
<br />$3.53
<br />1.300
<br />2.27%
<br />$0
<br />$2,802
<br />$3,388
<br />$0
<br />3400 Avenue of the Arts
<br />3400 Avenue of the Arts Apts
<br />1987
<br />937
<br />770
<br />$2,852
<br />$3.04
<br />1.560
<br />2.69%
<br />$2,199
<br />$2,597
<br />$3,282
<br />$0
<br />1601 W Macarthur Blvd
<br />The Aspens South Coast
<br />1976
<br />896
<br />642
<br />$2,634
<br />$2.94
<br />1.090
<br />7.94%
<br />$0
<br />$2,344
<br />$3,078
<br />$0
<br />655 Baker St
<br />South Pointe
<br />1942
<br />720
<br />440
<br />$2,674
<br />$3.71
<br />1.480
<br />6.36%
<br />$0
<br />$2,382
<br />$2,926
<br />$3,890
<br />3700 Plaza Dr
<br />Versailles On The Lake Apts
<br />1973
<br />830
<br />364
<br />$2,573
<br />$3.10
<br />1.790
<br />3.41%
<br />$2,002
<br />$2,530
<br />$3,174
<br />$3,815
<br />15 MacArthur PI
<br />Essex Skyline at MacArthur Place
<br />2008
<br />1,547
<br />350
<br />$5,265
<br />$3.40
<br />1.000
<br />5.35%
<br />$0
<br />$3,825
<br />$5,442
<br />$14,759
<br />3124 5 Main St
<br />Reserve at South Coast
<br />1974
<br />767
<br />349
<br />1$2,628
<br />$3.42
<br />1.290
<br />2.01%
<br />1$1,996
<br />$2,344
<br />$2,851
<br />1$0
<br />100 E MacArthur Blvd
<br />The Marke
<br />2014
<br />941
<br />300
<br />$3,131
<br />$3.33
<br />1.500
<br />0.75%
<br />$0
<br />$2,655
<br />$3,608
<br />$4,149
<br />1000 S Coast Dr
<br />The Cape Apartments
<br />1987
<br />738
<br />296
<br />$2,724
<br />$3.69
<br />1.180
<br />9.29%
<br />$0
<br />$2,415
<br />$3,007
<br />$3,690
<br />3400 S Main St
<br />3400 South Main
<br />1969
<br />967
<br />288
<br />$2,397
<br />$2.48
<br />1.150
<br />10.07%
<br />$0
<br />$2,250
<br />$2,629
<br />$0
<br />550 Paularino Ave
<br />Park Mesa Villas
<br />1976
<br />682
<br />276
<br />$2,331
<br />$3.42
<br />1.270
<br />0.72%
<br />$0
<br />$2,271
<br />$2,549
<br />$0
<br />635 W Baker St
<br />Newport Village
<br />1972
<br />658
<br />276
<br />$2,243
<br />$3.41
<br />1.450
<br />4.35%
<br />$2,129
<br />$2,091
<br />$2,936
<br />$0
<br />555 Paularino Ave
<br />Eaves South Coast
<br />1973
<br />805
<br />258
<br />1$2,614
<br />$3.25
<br />1.250
<br />4.39%
<br />$0
<br />$2,361
<br />$3,120
<br />1 $0
<br />1101 W Stevens Ave
<br />South Coast Racquet Club
<br />1972
<br />806
<br />256
<br />$2,453
<br />$3.04
<br />1.440
<br />4.74%
<br />$0
<br />$2,137
<br />$2,980
<br />$0
<br />31 E MacArthur Crescent Dr
<br />Pinnacle at MacArthur Place
<br />2002
<br />1,059
<br />253
<br />$2,932
<br />$2.77
<br />3.160
<br />6.63%
<br />$0
<br />$2,482
<br />$3,266
<br />$0
<br />580 Anton Blvd
<br />580 Anton
<br />2018
<br />867
<br />250
<br />$3,232
<br />$3.72
<br />6.80%
<br />$2,396
<br />$2,887
<br />$3,996
<br />$0
<br />1142 Buckingham Dr
<br />Wimbledon Glen
<br />1985
<br />929
<br />244
<br />$2,883
<br />$3.10
<br />1.640
<br />7.36%
<br />$2,330
<br />$2,780
<br />$3,298
<br />$0
<br />805 W Stevens Ave
<br />Park Plaza Apartments
<br />1972
<br />955
<br />243
<br />$2,636
<br />$2.76
<br />0.620
<br />6.32%
<br />$0
<br />$0
<br />$2,307
<br />$3,028
<br />125 Baker St E
<br />Baker Block
<br />2018
<br />919
<br />240
<br />$3,349
<br />$3.64
<br />1.940
<br />2.92%
<br />$2,699
<br />$3,085
<br />$3,765
<br />$4,580
<br />6515unflowerAve
<br />Bloom
<br />2023
<br />811
<br />1 226
<br />1 $3,116
<br />$3.84
<br />1 4.35%
<br />$2,590
<br />$2,847
<br />$3,793
<br />1 $0
<br />3600 Aspen Village Way
<br />Aspen Village
<br />1984
<br />1 1,004
<br />1 200
<br />1 $3,271
<br />$3.26
<br />1.500
<br />1 5.00%
<br />$0
<br />$2,775
<br />$3,576
<br />1 $0
<br />Average/Total
<br />1 892
<br />1 7,411
<br />1 $2,910
<br />$3.28
<br />1.33
<br />1 4.70%
<br />$2,187
<br />$2,536
<br />$3,399
<br />1 $3,505
<br />*Note: Blank spaces indicate that data was not available.
<br />This listing includes 21 multifamily projects in the 2-Mile Zone, totaling 7,411 rental units, an average of 350 units per property. Since DTA does
<br />not have a specific breakdown of the proposed unit sizes nor bedroom counts in the Specific Plan, we have chosen to use composite data in
<br />forming our conclusions.
<br />Related Bristol at 3600 South Bristol Street
<br />Draft Market Study Report
<br />Exhibit 10
<br />September 2023
<br />14
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