A row of shops along Lankershim Boulevard near the border of North Hollywood and Sun Valley could soon make way for a mixed use development with commercial space and housing.
Plans for the project submitted to the city Friday show that it would replace a car lot and shops at 7401 Lankershim Boulevard with a five-story development that would include 108 units of housing—nine of them set aside for extremely low-income residents.
The affordable housing and the project’s close proximity to several major bus lines qualifies it for new city incentives meant to spur affordable development near transit. That will allow the complex to be taller and denser than local zoning rules would have otherwise allowed.
Sun Valley hasn’t seen a lot of new development lately, but just south in North Hollywood, plenty of five-story complexes similar to this one are now in the works.