Four-Story Van Nuys Apartment Project Proposed

Project applicant Gabriel Abakasis is requesting several Tier-3 TOC incentives, including a two-story height boost for the proposed project
7621 Tobias Project Site
Photo: Google Maps | A shot of 7621 Tobias Ave. within Van Nuys.
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The owner of a single-family Van Nuys property at 7621 Tobias Ave. has submitted plans for the construction of a four-story, 17-unit multifamily project, according to a planning case opened by the city earlier this month. The applicant and property owner behind the project is Gabriel Abakasis, with Crest Real Estate Project Manager Nick Leathers listed as project representative for the development.

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The development would replace an existing unit at the 7,873-square-foot project site with a roughly 48-foot-tall, 15,000-square-foot residential development. Plans call for nine studios, five two-bedrooms, and three three-bedrooms, along with 19 automobile parking spaces and four bicycle spaces, according to planning documents.

The applicant is requesting Tier-3 project incentives under the city’s Transit Oriented Communities Incentive Program, including a 22-foot (two-story) height increase and 70-percent, or seven-unit, density increase. The project developer plans on setting aside two units for extremely low-income households.

Named Tobias in application materials, the development would also provide roughly 1,600 square feet of open space, including rooftop open areas and private balconies in each unit.

Also involved in the development is Valentine Janev, who is listed as project architect.

Dean Boerner

Dean Boerner

Dean Boerner is a California-based writer previously with Bisnow and the San Francisco Business Times. He received his bachelor's degree in economics and business from Saint Mary's College of California, where he also served as the editor-in-chief of The Collegian, the school's campus newspaper. Before that, he spent two years as the publication's sports editor, and he remains a committed fan, for better or worse, of his Sacramento Kings, San Francisco Giants, and Saint Mary's Gaels.
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