A commercial corner in University Park that has sat without serious housing plans for more than a decade could soon be home to dozens of new condominiums and townhomes. Anastasi Development Company has proposed a project called Oak Village at 902 W. Washington Boulevard, calling for roughly 120 residential units split between a multifamily building and a cluster of townhomes.
According to Urbanize LA, the plan centers on a 93-unit multifamily building with one- and two-bedroom homes ranging from 720 to 1,143 square feet, including 11 very low-income affordable units. The outlet's headline cites a total of 123 homes, while its article text puts the overall count at roughly 120 — a discrepancy that has not been clarified in the available filings.
The proposed affordable homes sit within a much larger city housing pipeline: in fiscal year 2024–25, Los Angeles recorded 5,398 proposed units in its South Los Angeles planning region, including 4,086 classified as affordable. Those are regional totals across projects at different stages—not a requirement or approval count for Oak Village—and the city’s report distinguishes proposed housing from units that have been approved. The city’s regional housing-production figures put the project’s 11 very-low-income homes in that broader context.
The multifamily building is designed as a five-story structure along Washington Boulevard, with architect Randy Morris incorporating historic Italianate-style elements into its street-facing design, the outlet reports. Morris previously worked with Anastasi on a condominium project in downtown Long Beach, according to the same report.
Townhomes Would Line Oak and 20th Streets
Beyond the main building, the proposal calls for 30 three-bedroom townhomes along Oak Street and 20th Street. Those townhomes would draw on Queen Anne, Foursquare, Craftsman, and Colonial Revival design styles, per the Urbanize LA report.
The project also includes a 167-car garage to serve residents, along with shared amenities such as a rooftop deck, a central courtyard, and a recreation room. Anastasi intends to build Oak Village as condominiums, according to a filing included with the project application.
A Site Anastasi Has Eyed for Two Decades
Plans for housing at the Washington Boulevard property have reemerged after more than a decade of quiet, the outlet notes. Anastasi Development Company has reportedly had its eye on the site for more than 20 years, and the developer has now filed a revised application with the planning department to move the current proposal forward.
The site's last serious brush with redevelopment came in 2013, when a prior proposal called for 134 condominiums. That earlier plan envisioned a six-story structure fronting Washington Boulevard paired with three-story townhomes lining Oak Street to the south — a notably denser and taller footprint than what Anastasi is now proposing.
The site’s development history reaches back further than the 2013 proposal: a prior Oak Village Residences plan was reviewed under a city environmental case opened in 2005. That version proposed 142 condominium and townhome units, including 11 very-low-income homes, and 320 parking spaces in two underground levels; it also sought a zoning change and a density bonus. The city’s environmental review for that earlier plan shows that housing has been pursued at the property in multiple iterations.
Anastasi's other recent work includes a collection of townhomes along Prairie Avenue in Torrance, giving some sense of the developer's current portfolio beyond University Park. The 902 W. Washington Boulevard site itself sits a short walk west from the location of the 1920s Pierce Brothers mortuary, which was later incorporated into a new affordable housing complex.
University Park has also seen a major university-led housing project: USC Village opened in 2017 as a 15-acre campus extension with housing for 2,500 students. USC’s stated community-benefit package for the development totaled $40 million, including up to $20 million for a city-managed affordable-housing fund. The student residences differ from Oak Village’s proposed for-sale homes, but the projects illustrate the range of housing and affordability initiatives taking shape around the neighborhood. USC Village’s project facts detail its housing capacity and community benefits.
The proposal remains in the planning stages, and the available filings do not indicate whether the project has been approved, financed, or scheduled for construction.
