Beverly Hills investor plans pair of small commercial buildings in Encino

Project would include offices, restaurants and a health club

May.May 04, 2017 11:30 AM
Site at 16206 W. Ventura Boulevard

Max Netty, a real estate investor based in Beverly Hills, filed plans Wednesday to build two commercial buildings with office space, restaurants and a health club in Encino, city documents show.

The project calls for a pair of single-story buildings totaling 12,800 square feet at 16206 and 16218 W. Ventura Boulevard.

Property records show that Netty, also known as Masoud Netty, has owned part of the half-acre site since 1997. It’s currently occupied by a 1950s-era 6,000-square-foot office building.

Netty is not the only investor eyeing Encino. Earlier this year, Developers filed plans for two new apartment complexes just north of the submarket, a 170-unit building at 7002 N. Van Nuys Boulevard and a 108-unit property at 20126 W. Sherman Way.

Netty’s project will require a zoning variance, since a health club is not permitted under the current zoning.

Related Articles

LA promo

Coming Soon: The Real Deal Los Angeles’ Winter 2020 issue!

From left: Howard Schwimmer and Michael S. Frankel, with 1601 W. Mission Boulevard and 2757 E. Del Amo Boulevard (Credit: Google Maps)

Rexford Industrial adds to LA portfolio with $100M in acquisitions

Andrew McDonald and At Mateo in the Arts District

Cushman’s West Coast chief talks expansion, DTLA market, the death of the starving baby broker & more

3339 Exposition Blvd. and Asher Luzzatto

Luzzatto Co. assembling creative office hub in West Adams

Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

Clockwise from top left: 13224 Old Oak Lane, 4425 Haskell Avenue (center), 656 Lachman Lane, 375 N. Saltair Avenue and 1200 Club View Drive

The Weeknd’s Beverly West condo tops LA County resi sales

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

Rendering of a proposed residential building on 16161 Ventura Boulevard with Daniel Keshani (Credit: LADCP)

Encino investors drop resi complex plan in favor of eldercare facility