Encino Site Draws LA's Largest Weekly Apartment Permit, Not Yet Issued

A new apartment building permit filed at 16741 W Ventura Blvd in Encino carries a declared construction valuation of $82.9 million, the largest new-apartment filing on LA’s permit wire this week. The permit, LADBS number 26010-10000-05018, was submitted October 6, 2026, and remains in plan check, assigned but not yet issued.

Why it matters

A declared valuation of $82.9 million for a single new-apartment permit is an outsized filing for the San Fernando Valley, where most multifamily permits this week have cleared at a fraction of that figure. The permit is still in plan check, meaning the city has not signed off on the building design or cost basis, and the project could change before it is issued. Even so, the size of the filing is itself a data point: a developer is committing to an $82.9 million declared basis on Ventura Boulevard before a shovel goes in the ground, at a moment when financing costs have made many operators cautious about underwriting new Valley multifamily construction. For operators tracking where capital is still willing to move, a filing this size at the plan-check stage is a bellwether worth watching through to issuance.

The numbers

The declared construction valuation on permit 26010-10000-05018 is $82.9 million, filed for new building work classified as an apartment project. The permit was submitted October 6, 2026, and its current status is plan check assigned, meaning city reviewers have been assigned to the case but have not yet cleared it to build. The site sits on assessor parcel 2259011030. LADBS permit valuations reflect declared job value for construction, not a sale price, loan amount or appraised value, and the city’s own permit detail portal could not be independently verified for this filing beyond the wire record and parcel lookup.

What’s next

The permit’s next step is plan check clearance, after which LADBS would issue it and the declared valuation would convert into an actual construction start. No applicant or developer name on the project could be confirmed through available records, so this report covers the filing by its permit number and valuation alone rather than attaching an unconfirmed name to the project. Whether the filing clears plan check at or near its current $82.9 million declared basis, or is revised down before issuance, will be the next marker to watch on this site.

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