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Thursday, Nov 21, 2024

Multifamily Complex to Rise Near CSUN

A property located at 8940 N. Reseda Blvd. in Northridge will bring five stories of apartments to the market near California State University – Northridge, according to an application filed with the Los Angeles City Planning Department. The 51 CSUN-adjacent units will be comprised of one- and two-bedroom apartments over subterranean parking levels to accommodate 92 vehicles. The applicant, Uzi Levy and 8940 Reseda LLC, has requested entitlements allowing for a height increase and a reduction to required side-yard setback in exchange for five low-income units. The developer is also requesting a demolition permit to raze the property’s existing commercial building. GA Engineering Inc. has designed the contemporary complex, which will include a courtyard, roof deck and ground-floor fitness center. The land parcel was acquired in 2015 for $2.1 million, 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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