8
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$2,298,888
Est. payment /mo
10,800 Sqft Lot
Active
5315 Riverton AVE North Hollywood, CA 91601
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25052806
Originating Board California Regional MLS
Lot Size 10,800 Sqft
Property Description
Development Opportunity in North Hollywood: Approved Plans for 22 Residential Units + 5 ADUs (27 Total Units) A prime development opportunity is available in the rapidly growing North Hollywood area! This 10,803 SF lot comes with approved plans for a 27-unit residential development. The project includes 22 residential units and 5 Accessory Dwelling Units (ADUs)-one on each floor. All necessary approvals, including LADWP service approval, have been secured, and MEP plans have already been submitted and paid for. The property spans 10,805 SF (0.248 acres), offering approximately 80 feet of frontage on North Riverton Avenue with a depth of about 135 feet. The site currently features two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone, this property presents an exceptional opportunity for high-density development. Key Features: Approved plans and MEP plans ready to go 56-foot building height with 5 residential floors and subterranean parking Total development space of approximately 31,622 SF (FAR of 4.3:1) Unit mix: 3 one-bedroom units, 17 two-bedroom units, 2 three-bedroom units 23 on-site parking spaces Buyer required to record a low-income covenant for two units and pay necessary fees This is
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Interior
Laundry None
Exterior
Garage Spaces 23.0
Pool None
View None
Building
Water District - Public
Others
Tax ID 2416011026
Special Listing Condition Not Applicable
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Listed by Ramin Favakehi • Ramin Favakehi, Broker