CA > North Hollywood
North Hollywood, CA 91601,5315 Riverton
North Hollywood, CA 91601,5315 Riverton
North Hollywood, CA 91601,5315 Riverton
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Kobe Zimmerman

Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

+1(858) 753-3353
$1,998,000
Est. payment /mo
10,800 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25228792

Lot Size 10,800 Sqft

Property Sub-Type Lots/Land

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 a rare opportunity to create a high-density residential project in one of LA's most vibrant and rapidly developing neighborhoods. Don't miss out on this incredible potential!

Location

State CA

County Los Angeles

Direction Magnolia and Riverton

Interior

Fireplace No

Exterior

View Y/N No

Others

Tax ID 2416011026

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MLS Router / San Diego MLS
Listed by Ramin Favakehi Ramin Favakehi, Broker

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5315 Riverton