Malibu

The California Coastal Commission will consider revocation of a permit granted to J.D. Stout Co. to convert 124 apartments to 114 condominiums at a public hearing in Los Angeles on Jan. 8. The apartments, formerly owned by Pepperdine University and used to house students, are located at 26612 Latigo Shore Drive.

According to commission staff member Pete Xander, evidence of geologic instability on the eastern portion of the property was presented to the commission last month, when the development firm requested permission to install support devices.

Xander said commissioners were alarmed by the information and instructed the staff to determine whether the permit should be revoked. The staff is expected to recommend that the commission allow the project to proceed.

The staff will also recommend that the commission cut in half a $1.3-million development fee that was required as a condition of the permit. The commission ruled earlier that J.D. Stout, an Irvine-based development firm, had to purchase 114 transfer-of-development credits, one for each condominium unit it wants to develop. Company officials called the requirement unfair and too costly and asked that the amount be reduced.

If the project proceeds, it will be the largest condominium conversion approved by the commission in Malibu.

The commission meeting begins at 10 a.m. at the Holiday Inn near Los Angeles International Airport, 9901 La Cienega Blvd.