Image
October 3, 2025
Adaptive reuse project underway at 5435 N. Balboa Blvd.
Two-story office building to be transformed into affordable housing
The Oaks on Balboa
Under Construction
Last updated 9/10/2025
| Project Uses | Apartments, Parking |
| # of Apartments | 117 |
| Floors (Above Ground) | 2 |
| Podium | No |
| Construction Type | Rehab/Adaptive Reuse |
Companies
| Developer |
Capstone Equities
Elysian Housing |
| Architect | FSY Architects |
| Consultant | Three6ixty |
| General Contractor | Dreyfuss |
Updates
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- Image
May 14, 2025
Developer seeks $65M to build affordable housing at 5435 N. Balboa Boulevard in Encino
Adaptive reuse project would include 116 affordable homes - Image
August 22, 2024
Adaptive reuse could bring affordable housing to 5435 N. Balboa Boulevard in Encino
Two-story building could be converted into 117 homes
