The Real Deal Los Angeles

Planning gives thumbs up to 146-unit mixed-use project in Northridge

Developer is Sherman Oaks landlord LB Property Management
June 06, 2017 01:30PM

Project at 18401 Nordhoff Street and LBPM president Robert Lopata

Sherman Oaks-based landlord LB Property Management cleared an initial hurdle for its 146-unit mixed-use project in Northridge Monday, after the planning department approved its proposed zone change and height change.

The development at 18401 Nordhoff Street calls for a five-story structure with 2,000 square feet of ground floor commercial space, Curbed first reported without identifying the developer.

The site spans 1.3 acres and houses two structures: a small medical office building and a single-family home, both of which would be razed for the project.

Of the 146 units, 17 would be set aside for low income households. LBPM, under the entity Nordhoff Darby, LLC, acquired the parcels for $4.25 million between 2015 and 2016, property records show.

The project will now go to the planning commission.

Meanwhile in Northridge, Harridge Development Group is planning a 79-unit, two-structure project at the former Cadillac dealership on the block bound by Canby Avenue, Chase Street and Reseda Boulevard. — Cathaleen Chen