Mixed-use development in the works at 5845 N. Sepulveda Blvd. in Van Nuys

The owner of an exotic car dealership in Van Nuys is looking to raze and redevelop his property with housing, per a recent application to the Los Angeles Department of City Planning.

The proposed project from Ray Penman of RPM Motorcars, slated for a 405-adjacent site at 5845 N. Sepulveda Boulevard, calls for the construction of an eight-story building featuring 80 studio, one-, and two-bedroom apartments above 2,258 square feet of ground-floor commercial space and parking for 137 vehicles.

Requested approvals include density bonus incentives to permit a larger structure than would otherwise be allowed by zoning rules. In exchange, 17 of the new apartments would be set aside for rent by very low- and moderate-income households.

DFH Architects is designing the contemporary podium-type building, according to plans sourced using ATC.

The project site is located a short distance south from the G Line busway's Sepulveda Station, which will see the construction of a new overcrossing to help speed up travel times as part of a $668-million overhaul.

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• Van Nuys (Urbanize LA)