Angeleno Investments is pursuing more affordable housing in the San Fernando Valley. An Angeleno affiliate filed an application with the Los Angeles Department of City Planning to construct a six-story building with nearly 100 units at 5139 North Colfax Avenue in Valley Village, Urbanize Los Angeles reported. Nearly a decade ago, the parcel was slated for a small-lot subdivision with 12 homes, but the plan from Ventura County-based Peterberg Companies never got off the ground. Angeleno’s proposal calls for 95 one- and two-bedroom residences above ground-floor parking. The units would consist of low- and moderate-income housing, qualifying the project for […]
This article originally appeared on The Real Deal. Click here to read the full story.
