Encino Apartment Permit Declares $82.9 Million in Value

A permit declaring $82.9 million in construction value was submitted to the Los Angeles Department of Building and Safety on Oct. 6, 2026 for a new apartment building at 16741 W. Ventura Blvd. in Encino, the largest fresh residential filing to cross the desk’s permit wire tonight. The filing, permit number 26010-10000-05018, has not yet been issued, meaning the project is still in the city’s plan check and approval process rather than cleared to break ground.

Why it matters

A declared job value near $83 million puts this filing well above the typical apartment permit the desk tracks in the San Fernando Valley, and it lands on a stretch of Ventura Boulevard that has drawn a steady run of competing multifamily proposals in Encino over the past year. The size of the number alone signals that developers are still willing to commit substantial new-construction capital to the corridor even as other parts of the Los Angeles apartment pipeline have slowed. No applicant or developer name is attached to the permit record itself, and a search for a named project tied to this specific address did not turn up a developer on the record; this item is being reported on the permit filing alone, not on a confirmed sponsor.

The gap between submission and issuance also matters. LADBS permits of this scale routinely sit in plan check for months while structural, fire and zoning reviews proceed, and a project at this stage can still be revised, delayed or, in rarer cases, withdrawn before it is issued. Nothing here should be read as construction underway.

The numbers

The permit lists $82.9 million as the declared construction value, a figure LADBS requires on every building permit application to calculate plan-check and permit fees, not a sale price, appraisal or project cost claim beyond what the applicant declared to the city. The filing is for new-building apartment construction, submitted Oct. 6, 2026, and as of this writing carries no issuance date. The site corresponds to assessor parcel 2259011030 in Los Angeles County’s records.

What’s next

The permit remains in LADBS review, and its next milestone is issuance, after which construction can legally begin. The desk will check the parcel and LADBS record again once the permit issues or once a developer or project name surfaces, and will update this story with the applicant’s identity if one is confirmed. For more on how permit activity is moving across the valley and the rest of the basin, see our look at density-bonus apartment permits concentrated in deed-restricted affordable units, and for ongoing coverage of the market, visit Los Angeles.