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Friday, Dec 9, 2022
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Developer Proposes 127 Apartments Near Van Nuys Airport

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.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.
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