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Thursday, Nov 21, 2024

Land Owner Seeks to Build Apartments in Valley Glen

Michael Fant, the owner of a vacant lot in Valley Glen, has applied with the city of Los Angeles to develop a multifamily complex with retail elements on his property. Urbanize.LA reports that the 13716-13720 Victory Blvd. site would have 32 apartments, which would include very low-income housing. Fant is seeking density bonus incentives for the mixed-use project. The apartments would sit perched atop 1,000 square feet of ground-floor retail and basement parking space. If approved, the development will rise not far from the similar 49-unit Villas at Valley Glen along Woodman Avenue. Part of the property has been home to a 4,350-square-foot carwash built in 1964, according to CoStar Group data.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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