A vacant lot in Valley Village near Colfax Avenue and Magnolia Boulevard could be redeveloped with a new affordable housing project.
The proposal at 5139 N. Colfax Avenue would replace an empty property once tied to a small-lot housing plan that never moved forward. Instead, the site is now being considered for a larger apartment building using affordable housing incentives.
The project calls for a six-story apartment building with 95 residential units, including a mix of one- and two-bedroom apartments. The units would be set aside for low- and moderate-income households.
The development team is connected to Angeleno Investments, with architecture by Category Company and landscape design by Savage Land Design. Plans also call for a central courtyard, rooftop deck, and 32 vehicle parking spaces.
The project reflects the continued push to add more multifamily housing across the San Fernando Valley, especially on vacant or underused properties near established commercial corridors. In this case, the site sits close to the Colfax Avenue and Magnolia Boulevard area, where Valley Village transitions between residential neighborhoods and busier commercial streets.
Valley Village has already seen similar development pressure over the years, from older homes threatened with demolition to mixed-use and multifamily proposals near major streets like Chandler Boulevard, Magnolia Boulevard, and Colfax Avenue.
While this proposal is not one of the Valley’s largest housing projects, a six-story building with 95 apartments would still bring a noticeable change to this part of Valley Village.
Project Details
- Address: 5139 N. Colfax Avenue, Valley Village
- Developer: Entity associated with Angeleno Investments
- Architect: Category Company
- Landscape Design: Savage Land Design
- Building Height: Six stories
- Residential Units: 95 apartments
- Unit Mix: One- and two-bedroom units
- Affordability: Low- and moderate-income housing
- Parking: 32 vehicle spaces
- Amenities: Central courtyard and rooftop deck
Related Valley Village Posts from the Blog
Related Valley Village Posts from the Blog
Together, these posts show how Valley Village has long been part of the broader development conversation in the San Fernando Valley, with projects ranging from historic preservation concerns to new housing proposals.
You can view more San Fernando Valley development posts here.
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