California
Could a Costco with apartments help California’s affordable housing crisis?
Here’s the five most-popular items at Costco
Discover the top five most popular items at Costco, from the juicy rotisserie chicken to the versatile sheet cakes. Find out why these products are customer favorites.
If Costco’s proposal for a mixed-use retail and housing development in California is successful, you won’t have to go far to pick up a rotisserie chicken or a package of 30 rolls of toilet paper.
The company, in partnership with developer Thrive Living, announced plans in June to open a new South Los Angeles store with an 800-unit apartment complex attached. In a press release, Costco also announced that the combo retail-housing project will include 184 affordable units.
A Thrive Living representative told the New York Post that the project is still awaiting permits, and it is unknown when construction will begin.
In addition to being able to shop for super-sized bottles of spirits or vats of heavy whipping cream at the bulk retailer, Thrive Living plans the following for the apartment complex:
- Five courtyards and a landscaped walking path.
- A rooftop pool, a full basketball court, and various climbing and play structures.
- Indoor/outdoor fitness area.
- Outdoor area for community movie nights.
- Community gardens where residents can grow their own food.
- Classrooms for community gatherings, tutoring, and mentorship.
The site would feature a “state-of-the-art store, featuring fresh produce [and] healthy food options for residents,” Thrive Living told the Los Angeles Times. The store would also include an optical service counter for eyeglasses, a pharmacy, and a delivery service.
The mixed-use complex would replace a vacant five-acre lot that a hospital once occupied.
Why would Costco get into the apartment building business?
Costco didn’t return messages on why the retail company would venture into a business so different from selling bulk goods, but Southern California housing activist Joe Cohen has a theory.
“The problem is, new massive big-box stores are hard to get approved in LA.,” Cohen wrote on X, formerly Twitter. “So Costco did what any good Scooby-Doo villain would do. They put on a mask that says ‘I’m an apartment building, not a big-box store.’ “
Gabe Kadosh, a vice president of Colliers in Los Angeles, told real estate publication CoStar that Costco may test the concept in California before developing other mixed-used developments across the state and the nation.
“It’s certainly fascinating and something that people are going to be watching,” Kadosh told CoStar. “Developers are going to be paying attention.”
What to know about Costco
In 1976, Costco opened in San Diego under the Price Club name. In 1983, the company opened a Seattle location. In 1993, Price Club officially changed its name to Costco. With 206 locations generating $16 billion in annual sales, the superstore chain currently operates 847 warehouses globally, with an average size of 146,000 square feet, according to its website.
Today, Costco employs 300,000 people worldwide, has 129.5 million members, and has $248 billion in annual sales.
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One Of California’s Wealthiest Suburbs In 2025 Has Small-Town Charm And A Fun Social Scene Outside LA – Islands
Coto de Caza in Orange County, California, about an hour south of Los Angeles, may not be a household name. But viewers of “The Real Wives of Orange County” might recognize the wealthy, gated residential community as the former home base of the glitzy Bravo reality series. While stars of the show — currently in its 19th season — now live in other affluent areas, the imagery of Coto de Caza is still appealing for those contemplating a luxurious move. Coto boasts a private setting where high-profile celebrities, executives, and wealthy professionals live amid abundant open space, well-regarded schools, community events, a family-friendly atmosphere, and easy access to the county’s bounty. Indeed, in this well-to-do development of about 15,363 people, where the mean household income is $232,470 (more than double the state’s average), the most recent median list price of a single-family home was $2 million. There are splashier compounds in Coto, including the late real estate mogul William Lyon’s home selling for $125 million, which includes 20 bathrooms.
These prices are a long way from the area’s humble origins of barley fields and grazing sheep, according to the Los Angeles Times. Once a private hunting lodge, the area’s first homes were built in 1975, eventually transforming into a 5,000-acre master-planned community with about 4,000 homes and condominiums. Nestled against the Cleveland National Forest and just east of the SR 241 toll road, Coto de Caza strives to offer residents not just a home, but a lifestyle. Recreation is never far with area baseball fields, basketball courts, volleyball courts, parks, and picnic areas. Outdoor pursuits continue at the adjacent Thomas F. Riley Wilderness Park, a 544-acre wildlife sanctuary filled with groves of Western Sycamores and Coast Live Oaks and five miles of trails for hiking, biking, and horseback riding.
Golf and mingle
A big attraction to the development is the 36-hole Coto de Caza Golf & Racquet Club, a central hub offering youth summer camps for kids and social events like trivia nights, comedy nights, and brunch with Santa. A yearly social membership can cost $2,880 with $180 in monthly dues. A golf upgrade can hike the initiation fee up to $30,000 with $750 monthly dues. Joining the club is optional, but your monthly Homeowners Association (HOA) fees aren’t. Those range from $300 to $475, and cover 24-hour manned guard gates, daily patrols, and landscape maintenance of common areas. A cheaper ticket to fun is connecting with neighbors for poker nights, movie screenings, and monthly mixers.
This is a neighborhood where you can stay put for your child’s entire education. Parents send their kids to top-notch schools, including Wagon Wheel Elementary, Las Flores Middle, and Tesoro High, in the Capistrano Unified School District, all within a short 2.5 to 5.5 mile drive away. Grocery shopping also is fairly close, about 10 minutes to Rancho Santa Margarita stores such as Ralph’s and Trader Joe’s. To really shop, like at Bloomingdale’s and Gucci, the Valhalla of retail — South Coast Plaza — and the vibrant arts city of Costa Mesa are just a 30-minute drive. Plus the glorious Pacific Ocean is about 17 miles away in breath-taking Laguna Beach.
Coto de Caza’s charms are many. A few cons to keep in mind: With a location about 10 miles inland from Interstate 5, Coto de Caza is more remote so commutes may take longer; busy professionals need their shut-eye so nightlife peters out by 9pm; and wildfire risks mean finding insurance can be a challenge. For a buzzier locale, check out the iconic coastal escape of nearby Newport Beach.
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