HVN Development Plans New Apartment Building in Sherman Oaks

The proposed five-story complex would bring 77 affordable units to North Kester Avenue.

Updated on Oct. 26, 2026 in Apartments

HVN Development Plans New Apartment Building in Sherman Oaks

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HVN Development has filed an application with the Los Angeles Department of City Planning to construct a 77-unit affordable apartment building in Sherman Oaks. The project, planned for 5003 North Kester Avenue, would replace six existing homes.

Why it matters

The development aligns with city efforts to replace lower-density housing with higher-density options as Los Angeles faces a mandate to plan for over 450,000 new units by 2029. By utilizing the Citywide Housing Incentive Program, the developer aims to provide dedicated housing for low- and moderate-income households.

The proposed building is a five-story structure featuring a mix of one- and two-bedroom apartments. The development currently includes no on-site parking for residents.

The players

HVN Development

A real estate developer active in the Los Angeles region currently proposing multiple high-density residential projects.

Los Angeles Department of City Planning

The local agency responsible for managing urban growth and approving new housing developments within the city.

The details

The project is designed to increase local housing capacity by clearing six existing houses to accommodate the new five-story complex. Developers are seeking building bonuses through the Citywide Housing Incentive Program to move forward with the site plan.

October 2026: HVN filed plans for the Sherman Oaks project.
2029: Deadline for Los Angeles housing unit plans.

Culture Shift

This project reflects a broader trend of densification within Los Angeles, utilizing the Citywide Housing Incentive Program to expedite development. This approach signals a departure from traditional low-density neighborhood models in favor of accommodating significant growth targets.

Residents in Sherman Oaks should anticipate the removal of six homes on North Kester Avenue to facilitate this new construction. The project's lack of on-site parking may also influence local street parking availability in the immediate neighborhood.

The takeaway

The project highlights the intensifying pressure on developers to utilize incentive programs to meet city-mandated housing quotas. Residents and stakeholders in high-growth districts should monitor local planning filings to understand the changing density of their neighborhoods.