A luxury apartment complex is coming to the Westside, according to Bolour Associates Inc., a Beverly Hills-based privately owned real estate investment, development and finance company that has secured land entitlements for a new five-story development.

The 22,300-square-foot building will sit at 2424 S. Veteran Ave. in Rancho Park, adjacent to Cheviot Hills and Mar Vista, on the southeast corner of Pico Boulevard and Veteran Avenue.

Plans call for the development of 30 studio, one- and two-bedroom apartment units that will range from approximately 475 to 975 square feet in size.

“We’re excited to bring much-needed housing along an important portion of Pico Boulevard,” Mark Bolour, chief executive of Bolour Associates, said. “We have worked hard to bring this opportunity to fruition and know that it will be a great addition to the West LA rental market, giving renters access to the area’s many employment opportunities and recreational attractions.”

Among the 30 units available, three of them will be considered “live-work” units, as Bolour calls them, which are for rent and were designed to accommodate the increasing number of people working from home.

The live-work units are similar to the residential units, but they feature mezzanines, meant to support a variety of small enterprises ranging from artist studios to professional-service offices, and are located on the development’s ground floor, which will provide street-front signage and easy access.

“Bolour has a history of investing in emerging infill markets, improving where and how we can, to build communities and economies,” Bolour said. “By incorporating live-work units into our Pico Boulevard apartment, we’re creating opportunities for street-level engagement while also diversifying the area’s residential options.”

The complex will also offer on-site parking and feature two rooftop decks. 

Westwood-based AFCO Design Inc. is serving as the project architect for the complex, while Beverly Grove-based design firm 64 North is the design architect.