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159 unit condo development, 8 live/work units, 8 very low income units

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State & Local

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The City of Monterey Park is forecasting a residential development project consisting of a 159-unit condominium complex located at 601 Potrero Grande Drive and 2100 Saturn Street in Los Angeles County. The development will include eight live/work units and eight very low-income affordable units, covering Assessor Parcel Numbers 5265-025-055, 056, and 058. The project falls under NAICS code 236116 for residential building construction. The project is represented by the Olson Company, with Steve Armanino serving as the project applicant and Timothy Hou, the Director of Community Development, acting as the lead agency contact. A Notice of Exemption was filed on June 18, 2026, stating that the project is exempt under Public Resources Code section 21080.66 due to its size, urbanized location, and the absence of historic structure demolition. No specific contract value, performance period, or formal award criteria have been disclosed in the available documentation.

General Info

Monterey Park to develop 159-unit mixed-income condo project with live/work and affordable units at 601 Potrero Grande Drive.

Agency

California → City of Monterey Park

NAICS

236116 - New Multifamily Housing Construction (except For-Sale Builders)View NAICS

Place of Performance

Monterey Park, CA, 91754

Set-Aside

NONE

Documents

(1)

Notice of Exemption for 159 Unit Condo Development Monterey Park

PDFnotice-of-exemption

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Timeline

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forecast

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Organization & Contact Information

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AgencyCalifornia → City of Monterey Park
Contacts2 people available
OfficeN/A
Organization / Agency
California → City of Monterey Park
Office AddressN/A
Contacts
TIMOTHY HOUDIRECTOR OF COMMUNITY DEVELOPMENT
STEVE ARMANINOVP COMMUNITY DEVELOPMENT

Full Description

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A 159-unit condominium development, including eight live/work units, and eight very low-income affordable units at 601 Potrero Grande Drive and 2100 Saturn Street (APNs: 5265-025-055, 056 and 058)

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