Private investor plans 127-unit complex in the Valley
A Beverly Hills private investor wants to build a 127-unit mixed-use residential building in the West Hills area of the San Fernando Valley.
Mohammad Nasri filed plans Monday for the project, at 23133 West Sherman Place, which also calls for a 9,000-square-foot medical office. The 1.6-acre site is situated across the street from the West Hills Hospital and among a collection of other medical facilities.
Nasri purchased the site for $4.1 million, or about $59 per square foot, in 2013, county records show.
The development would require a zone and height limit change, according to city documents show. The site is now zoned for limited commercial uses.
Nasri is just the latest investor planning to build multifamily in the Valley. Developers recently filed plans for more than 270 units in Van Nuys and Winnetka, The Real Deal reported.