LA’s move to upzone part of Panorama City would boost residential development

The effort in the San Fernando Valley came as the city continues to seek ways to increase its housing stock

Apr.April 11, 2018 02:00 PM
The Fountains apartment complex on Ventura Canyon, one of the sites being rezoned

Los Angeles wants to rezone a portion of Panorama City, allowing for denser development with more residential units, as the city continues to find efforts to increase its housing stock.

The three parcels of land include seven addresses on Ventura Canyon and Woodman avenues, which are now home to a 57-unit garden apartment complex and a number of commercial properties. A zone change was filed with the Department of City Planning on Monday.

If approved, the new zoning measure would allow for medium density residential and optional ground-floor commercial space, up to around four stories. A maximum of 108 residential units per acre is allowed under the proposed zoning, which means the 2.3-acre site could see at most 246 units if they were both redeveloped.

The properties are about a mile from the Van Nuys Amtrak and Metrolink commuter rail station and a mile and a half from Route 170. There are bus stations nearby, but it’s not clear if they would qualify for any additional density bonuses under city programs that encourage building affordable housing near transit stations.

The properties are owned by different entities. The representative for the owner of the apartment complex, LA Apartments, said he had not heard about the rezoning. LA Apartments acquired the property from the Laramar Group for $7.5 million in 2015. The other parcels are owned by a Calabasas family trust that could not be reached for comment.

Related Articles

Architect Simon Park and a rendering of the project (Credit: SSPSTUDIO ARCHITECTURE & URBAN DESIGN)

Boyle Heights slated for another mixed-use project

Monica Rodriguez orchestrated the nixing of a residential project set for the Verdugo Hills Golf Course (Credit: Google Maps, Wikipedia)

The threat of fire doomed this Tujunga resi project. Now the developer will sue

6550 South Normandie Avenue (Credit: Google Maps)

Haroni Investments to turn parking lot into new apartments

Council President Herb Wesson and a rendering of District Square

City will draw up “anti-displacement zone” ordinance

Governor Gavin Newsom and Senator Nancy Skinner (Credit: Getty Images and iStock)

Developers rejoice: Newest state law aims to boost housing production

Assemblyman David Chiu and Gov. Gavin Newsom (Credit: Wikipedia and iStock)

California passes landmark rent control law

Ron Galperin and an overview of LA (Credit: iStock)

LA owns thousands of properties, many of them vacant. LA’s controller has an idea to spur development

Bob Halavi and 827 South Grand View Street (Credit: LinkedIn and Google Maps)

This 60-unit resi project would add to MacArthur Park’s growing pipeline