Vacant Valley Village lot targeted for multifamily development
Another developer in the San Fernando Valley is looking to add housing to Valley Village’s stock amid an ongoing need for residences across Los Angeles. VLI Holding filed an application with the Los Angeles Department of City Planning to build a six-story residential building on an empty lot at 5414 Bellingham Avenue, Urbanize Los Angeles reported. The LLC traces in state business records to a postal box in Woodland Hills. The application calls for 25 apartments in one- to three-bedroom floor plans in a 22,480-square-foot development. The developer is seeking entitlements including density bonuses that would permit a larger structure […]This article originally appeared on The Real Deal. Click here to read the full story.
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