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Aging Los Angeles office complex to make way for affordable apartments

New owners will tap mayor's expediting program to finish Encino conversion
New owners will convert a San Fernando Valley office building to an affordable housing community, The Oaks on Balboa, that will include 117 studio and one-bedroom apartments. (CoStar)
New owners will convert a San Fernando Valley office building to an affordable housing community, The Oaks on Balboa, that will include 117 studio and one-bedroom apartments. (CoStar)
CoStar News
July 31, 2025 | 11:14 P.M.

A pair of developers are tapping a Los Angeles initiative that speeds up affordable housing construction to convert an aging office into residential units.

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