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An L-shaped property in Westchester is slated for rebirth as a residential-retail complex, according to plans filed yesterday with the City of Los Angeles.

The project, located at the corner of Sepulveda and Manchester Boulevards, would consist of a five-story building featuring 86 residential units over nearly 1,000 square feet of ground-level commercial space.  The proposed development would require a density bonus in exchange for providing eight units of very low income housing.

City records link the property to to Caladan Investments, LLC, a local real estate investment company.  It is currently improved with a small restaurant building, which has been vacant for several years.

The project site is located northwest of the La Tijera Apartments, a similar multifamily residential development from CIM Group.

Image via Google Maps

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Mixed-Use Development Proposed for Reseda Boulevard

Five-story building to rise north of Ventura Boulevard.
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A one-story commercial building in Tarzana could make way for a mixed-use development, according to plans filed earlier today with the City of Los Angeles.  The project, slated for two parcels at 5431-5505 N. Reseda Boulevard would consist of a five-story building featuring 40 residential units - including five set aside for very-low-income households - above 2,540 square feet of ground-floor retail space.