39-Unit Lake Balboa Mixed-Use Project Planned

A real estate investor has filed plans to build a 39-unit mixed-use project at 17630 Sherman Way in Los Angeles’ Lake Balboa neighborhood, planning documents scanned last week show. The project applicant, Hany Malek of Selective Investments Channel LLC, a real estate investment company, submitted plans for a four-story, 39,087-square-foot project for the current site of a single-story auto repair shop. Daniel Ahadian, founder of nūr – Development | Consulting, a land use consulting firm, is listed as a representative for the project.

The new proposal is for a 45-foot-high mixed-use building consisting of 12 studios, 15 one-bedrooms, and 12 two-bedrooms over 5,822 square feet of ground-floor retail space. The project applicant is seeking a 35-percent increase in floor-area ratio and one-story increase to the proposed four for the project, which would have 67 ground-level or subterranean parking spaces. The 17630 Sherman Way property would reserve five of its apartments for very low-income households.

Each of the community’s dwellings would have private balconies and proximity to about 4,300 square feet of common open space. Designed by Kamran Tabrizi Architect & Associates, the project would also include community roof decks on the third and fourth floors and a rooftop patio with a garden.

Malek’s Selective Investments Channel is listed as owner of the property, which consists of two lots. Ahadian, a city planner with LA until 2014, didn’t immediately respond to request for comment.