An entity affiliated with Malibu-based Weintraub Real Estate Group has filed plans with the city of Los Angeles to construct mixed-income housing west of the Van Nuys Airport. Per an Urbanize.LA report, the plans call for the creation of a five-story building containing 127 dwelling units. Roughly half of the units would be designated as affordable housing. The proposed development, to be erected at 7650 Balboa Boulevard, would replace part of what is currently a mobile home park. The developer will pursue entitlements that include a zone change and density bonus incentives to provide relief from a transitional height requirement. Weintraub Real Estate Group is also seeking a reduction in required parking to one space per affordable unit.
