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5315 Riverton Avenue

North Hollywood, CA 91601
  • $2,800,000
  • STATUS: Active
  • ON SITE: 28 Days
  • ID#: OC24229901
UPDATED: 27 min ago
$2,800,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Ramin Favakehi of Ramin Favakehi, Broker (949-929-2630)


Description

Almost ready to issue permits. Please refer to the attached supplement for the most current project approvals." approximately 10,803 SF Lot with Approved Plans for 22 plus 5 recreation units for ADU developmentThis prime 10,805 square foot property (0.248 acres) is located in North Hollywood, offering approximately 80 feet of frontage along North Riverton Avenue and a depth of about 135 feet. Currently improved with two residential buildings and a garage/storage structure.Zoned R3-1VL, TIER 3, the site is within a designated State Enterprise Zone, providing potential incentives for development.The approved project plans call for the construction of a 22-unit residential building, plus 5 recreation units for ADU development, one in each floor, with a total building height of 56 feet. The project will feature five residential levels above one subterranean parking level, comprising approximately 29,801 gross livable square feet of space with a Floor Area Ratio (FAR) of 4.3:1. The mix of units will include 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units, along with 23 on-site parking spaces.This property offers an exciting opportunity for a developer looking to capitalize on the growing North Hollywood market, with an approved plan for high-density residential development in a prime location.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-06T18:33:57.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
www.pushpa4homes.com/homes/157650148
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5315 Riverton Avenue North Hollywood, CA 91601

  • Price: $2,800,000
  • Status: Active
  • On Site: 28 Days
  • Updated: 27 min ago
  • ID#: OC24229901
0
Beds
0
Baths
0
½ Baths
0.25
Acres
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
Almost ready to issue permits. Please refer to the attached supplement for the most current project approvals." approximately 10,803 SF Lot with Approved Plans for 22 plus 5 recreation units for ADU developmentThis prime 10,805 square foot property (0.248 acres) is located in North Hollywood, offering approximately 80 feet of frontage along North Riverton Avenue and a depth of about 135 feet. Currently improved with two residential buildings and a garage/storage structure.Zoned R3-1VL, TIER 3, the site is within a designated State Enterprise Zone, providing potential incentives for development.The approved project plans call for the construction of a 22-unit residential building, plus 5 recreation units for ADU development, one in each floor, with a total building height of 56 feet. The project will feature five residential levels above one subterranean parking level, comprising approximately 29,801 gross livable square feet of space with a Floor Area Ratio (FAR) of 4.3:1. The mix of units will include 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units, along with 23 on-site parking spaces.This property offers an exciting opportunity for a developer looking to capitalize on the growing North Hollywood market, with an approved plan for high-density residential development in a prime location.
Exterior Features

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Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Curbs Disclosures Principal is Real Estate Licensed Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-12-06T18:33:57.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Pushpa Nagaraj Team | Compass. Licensed in the State of California, USA.
 
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Pushpa Nagaraj Team | Compass
680 E. Colorado Blvd, Suite 400
Pasadena CA, 91101
Listing Agent(s): Ramin Favakehi of Ramin Favakehi, Broker (949-929-2630)