ESFV LRT Rendering

Big news today on Metro’s plans to build a light rail line in the San Fernando Valley: The Metro Board certified the project’s Final Environmental Impact Report, which officially ends the state-required environmental review process.

That’s a big step forward toward construction of the light rail line that will run between the G Line (Orange) Van Nuys Station and the Sylmar/San Fernando Metrolink Station with 14 stations. The official name of the project is the East San Fernando Light Rail Project. Read more.

The Light Rail Transit (LRT) will include 14 at-grade stations with a travel time of 31 minutes end-to-end. Construction is scheduled to begin in 2022, and will be completed in time for the 2028 Summer Olympics.

An artist’s rendering shows a train near the Van Nuys Civic Center

This is big news for Topanga Partners, which has three multifamily apartment developments within close walking distance of LRT stations. Topanga’s Gilmore Apartments, a 31-unit modern multifamily development located at 14541 Gilmore Street that broke ground in June 2020, is a mere 3-minute walk (0.2 miles) from the future Victory LRT Station. To the north of Gilmore Apartments, Topanga’s 10-unit townhouse-style apartment complex located at 14912 Wyandotte Street, is a 12-minute walk (0.6 miles) from the future Sherman Way LRT Station. And, Topanga’s completed 22-unit apartment building located at 6200 Kester Avenue is a 15-minute walk (0.7 miles) from the Van Nuys Blvd/Metro Orange Line Station.

L.A. Metro LRT Map

According to BisNow, experts say the value of LA’s multifamily properties are holding strong despite the regions rocky rental market. Read more.