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

TRD LOS ANGELES /
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

arrow_forward_ios
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

Top to bottom: a rendering of the project and a photo of the site at 3170 West Olympic Boulevard (Credit: Google Maps)

Koreatown hotelier sells shovel-ready development site entitled for 252 units

Domvs London co-founder Barry Watts and 800 Tortuoso Way (Credit: Linkedin, Dougas Elliman)

Developer lists a third of Park Bel Air for reduced price of $45M

6033 N. De Soto Avenue (Credit: Google Maps)

Development plans at Warner Center now include a 190-unit senior facility

Recent renderings of multi-family projects

LA County’s housing stock jumps, as does monthly rent: report

arrow_forward_ios