A 1980s commercial office building in the Canoga Park community could make way for a new multifamily residential development, according to an application recently submitted to the Los Angeles Department of City Planning.

The project, which would rise from a roughly 37,000-square-foot site at 7322-7340 N. Topanga Canyon Boulevard, calls for the construction of a five-story edifice containing 148 studio, one-, and two-bedroom apartments above ground-floor parking for 109 vehicles.

Developer Alliant Strategic has opted to include 12 deed-restricted extremely low-income affordable units in the project, making the proposed apartment complex eligible for Transit Oriented Communities development incentives.  Requested entitlements included increased height and a decrease in zone-required side-yard setbacks.

Hochhauser Blatter is designing the proposed development, called the 7334 North Topanga Residences, which is depicted in renderings as a contemporary low-rise building clad in painted stucco and aluminum panels.  Architectural plans show that the building would also include a rooftop terrace deck, a central courtyard, and a recreation room.

Alliant Strategic, which is headquartered in the Warner Center area, bills itself as a socially responsible real estate firm focusing on workforce and affordable housing developments.  Its current portfolio of projects includes the adaptive reuse of a Welton Becket-designed office building in Santa Ana, as well as a handful of other ground-up apartment buildings in the San Fernando Valley.

Los Angeles County Assessor's records show that the Canoga Park property last sold in April 2020 for $8.2 million.