A large flag lot in Van Nuys could yield a large apartment complex, based on an application submitted last week to the L.A. Department of City Planning.

Vigen and Roselyn Haroutunian of Hidden Villas, the applicants behind the proposed project at 13610 W. Sherman Way, are seeking city approvals to redevelop a roughly 46,000-square-foot site with a new five-story edifice featuring 168 studio, one-, and two-bedroom apartments above parking for 99 vehicles. Six existing buildings featuring 10 apartments would be demolished for the project.

Requested approvals for the proposed development include density bonus incentives to permit a larger structure with more housing than normally allowed by zoning rules. In exchange, 18 of the new apartments are to be set aside for rent by very low-income households, replacing seven existing affordable units.

13610 W. Sherman WayGoogle Maps

Architect Garo V. Minassian is designing the building, the new construction, which is portrayed in plans as a contemporary low-rise structure featuring a central courtyard, recreation rooms, and a rooftop deck.

City records indicate that the project site last sold in 2012 for approximately $1.6 million.

While most of the site is zoned for parking only, the project's underlying general plan land use designation allows for residential uses. As a result of AB 2334, which took effect last year, projects in such locations may still be developed with housing in accordance with their general plan land use designation.

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