Racing Green Group Files 12-Home Density Bonus in Venice
Two of the 12 units would be reserved for very-low-income renters under the city's density bonus program.
An entity tied to Racing Green Group has filed a density-bonus application with LA City Planning to tear down two single-family homes at 2315 S. Oakwood Ave in Venice and replace them with a 12-unit, 4-story building, per Urbanize LA.
Why it matters
The filing is a small, clean example of how far the state density bonus law can stretch a residential parcel on the Westside. Urbanize LA notes a similar project near Pisani Place was recently approved. The application is pending, not approved, and no hearing date has been set. For builders scouting similar single-family lots near the coast, the case shows one path to multifamily yield without a commercial rezone: trade a modest affordable set-aside for extra height and unit count.
The numbers
The filing, City Planning case EAR-2026-5550-DB-HCA, proposes 12 units of two- and three-bedroom housing across four stories, with two units reserved for very-low-income households. That set-aside triggers the density bonus incentives that let the project exceed what the underlying zoning would otherwise allow on the lot. Urbanize LA reports the plan includes eight parking spaces at street level. Arterberry Cooke, a Los Angeles architecture firm, designed the building. The applicant of record is 2317 Oakwood, LLC, which Urbanize LA ties to Racing Green Group. Urbanize LA lists no project cost, financing, or timeline, and none should be assumed from the filing alone.
What’s next
The case is pending with LA City Planning, and no hearing date has been set. Urbanize LA reported no public opposition or support. The American Developer will track the case number, EAR-2026-5550-DB-HCA, for a hearing date and any changes to the unit count or affordability mix.
Sources
Also reported by