An office building next to the US-101 Freeway in Encino could be converted into affordable housing via the Mayor's Executive Directive 1, per an application submitted earlier this month to the Los Angele Department of City Planning.
View of The Oaks on Balboa looking northeastFSY Architects
The proposed development from Capstone Equities, slated for a property at 5435 N. Balboa Boulevard, calls for the adaptive reuse of an existing two-story structure into 117 studio and one-bedroom priced for lower-income households. Parking for 120 vehicles would be provided on the property in a surface lot.
According to a project application, the proposed development would make use of density bonus incentives to permit a reduction to a required side yard and to allow residential uses on a site otherwise restricted to office space.
FSY Architects is designing the project, called The Oaks on Balboa, which also calls for converting portions of the existing parking lot into courtyards and gardens for use by residents.
5435 N. Balboa BoulevardGoogle Maps
The development site is located roughly three quarters of a mile northwest of the intersection of Ventura Boulevard and La Maida Avenue, where a mixed-use project featuring 130 homes above a Mercedes-Benz dealership is planned.
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- Encino (Urbanize LA)
Looking for affordable housing? Visit lahousing.lacity.org/aahr and housing.lacounty.gov
