A trio of 1940s and 1950s residential buildings in Van Nuys could make way for affordable housing through the Mayor's Executive Directive 1, per an application submitted last month to the Los Angeles Department of City Planning.
The proposed project, slated for a property at 15931-15933 W. Victory Boulevard, calls for razing five existing rental units, followed by the construction of a new six-story building featuring 100 apartments.
According to plans, all of the apartments would be reserved for moderate-, low-, and very low-income households. The 100 percent affordable units would be eligible for waivers of development standards and density bonus incentives permitting a project without on-site parking, as well as reductions to required setbacks.
JZA Architecture is designing 15931 Victory, which is portrayed in renderings as a contemporary low-rise structure.
City records list the project applicant as Efi Meirson through the entity Casa Victory, LLC. The site last sold in 1987, per Los Angeles County Assessor's data.
The site sits directly across Victory Boulevard from the G Line Busway and the Sepulveda Basin, where Los Angeles city officials have proposed a 25-year master plan which would yield $4.8 billion in upgrades to the 2,000-acre space.
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