A new five-story multifamily building is moving forward in Toluca Lake. The development will rise at 4423 North Cartwright Avenue, according to city permit records published by and reported by .
Bondfield, LLC has secured permits for a $4 million, five-story apartment building with 13 units at 4423 North Cartwright Avenue in Toluca Lake. Two units will be affordable.
A new five-story multifamily building is moving forward in Toluca Lake. The development will rise at 4423 North Cartwright Avenue, according to city permit records published by and reported by .
The largest new development to secure permits last week was in Toluca Lake for the construction of a nearly 12,000-square-foot multifamily building at 4423 North Cartwright Avenue.
Bondfield, LLC is the developer behind the project. The estimated cost is $4 million. The building will contain 13 apartments. Two of those units are reserved for very low-income residents, as required by local affordable housing mandates.
The project stands five stories tall. That height distinguishes it from the surrounding single-family homes and smaller residential structures that line North Cartwright Avenue. The nearly 12,000-square-foot structure will add significant density to a neighborhood that has seen gradual infill in recent years.
The permit was issued for the week ending June 17, 2026. Construction has not yet begun on the site.
Two of the 13 apartments must be set aside for very low-income households. This requirement aligns with Los Angeles city policy that mandates affordable units in new multifamily developments of a certain size. The specific income levels and rent restrictions for those two units are detailed in the city permit filing.
The project is now in the permitting phase. Once construction begins, the site will undergo months of foundation work and vertical construction. Bondfield, LLC has not issued a public timeline for completion. Residents in the immediate area may see site preparation and construction activity in the coming months.
The case of the stolen Range Rover that began in Burbank this spring has also drawn attention to the broader San Fernando Valley. While that investigation led to arrests in Pacoima and North Hollywood, it did not originate in Toluca Lake. The development on Cartwright Avenue is the most significant local change currently moving through the system in the neighborhood.
This article was generated with AI assistance.