Sherman Oaks Plans 77-Unit Affordable Apartment Project
A new five-story complex is proposed for North Kester Avenue to help increase local housing capacity.
Updated on Oct. 26, 2026 in Apartments
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HVN Development has filed an application to construct a five-story, 77-unit apartment building at 5003 North Kester Avenue in Sherman Oaks. The proposed project consists of one- and two-bedroom units designated for low- and moderate-income households.
Why it matters
This project is part of a broader push to address the citys mandate to plan for 456,643 new housing units by 2029, with 184,721 specifically earmarked as affordable housing. The development aims to increase local density by replacing six existing homes with multi-family residential space.
The proposed building at 5003 North Kester Avenue will rise five stories high and include 77 units with no on-site parking. This development is among several recent regional filings by the developer, which has also proposed multi-family projects in Mar Vista and North Hollywood.
The players
HVN Development
A developer active in Los Angeles that focuses on high-density residential projects and utilizes city incentive programs.
Los Angeles Department of City Planning
The local agency responsible for regulating land use, reviewing development applications, and managing citywide housing mandates.
The details
The developer is pursuing density bonuses through the Citywide Housing Incentive Program to replace low-density residential properties with higher-capacity housing. The project requires the clearance of six existing single-family homes to accommodate the new structure. Because the plan excludes on-site parking, it relies on density incentives to meet the city's housing goals.
Timeline
October 2026: HVN filed plans for the Sherman Oaks project.
2029: The deadline for Los Angeles housing unit plans.
The Home Front
This development reflects a shift toward higher-density infill projects mandated by city planning goals. It follows the Citywide Housing Incentive Program as a primary regulatory tool to convert low-density residential parcels into affordable multi-family housing.
Residents in Sherman Oaks should monitor the Los Angeles Department of City Planning portal for upcoming public hearings regarding the 5003 North Kester Avenue filing. Neighbors may also consider reviewing the specific site plans if they are located adjacent to the parcel.
The takeaway
The Sherman Oaks proposal is part of a larger trend of developers utilizing density incentives to help the city meet its 2029 housing requirements. Residents interested in how these mandates impact local infrastructure should track the progress of the application through the city planning office.
Further reading
You can find more updates on local real estate and residential density in the Los Angeles Apartments section.
Source note: This article includes information reported by The Real Deal New York.
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