5321 Riverton Avenue
Los Angeles, CA 91601
0.25 acres | #OC25041694
Description
Development Opportunity in North Hollywood – Approved Plans for 22 Residential Units and 5 ADUs
An exceptional opportunity awaits developers in the thriving North Hollywood area! This prime 10,803 SF lot comes with approved plans for a 22-unit residential building, along with 5 recreational ADU units. All necessary approvals have been secured, including LADWP’s approval to serve the project, and the development will be delivered with fully approved MEP plans.
The property, which spans 10,805 square feet (0.248 acres), offers approximately 80 feet of frontage on North Riverton Avenue and a depth of around 135 feet. Currently, the site includes two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone.
Key Features:
Approved plans for a 22-unit residential building and 5 recreational ADUs, one on each floor
Building height of 56 feet, with five residential floors and subterranean parking
Total development space of approximately 31,622 square feet (FAR of 4.3:1)
Unit mix includes 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units
23 on-site parking spaces
Buyer required to record the low-income covenant in their name for two units, pay necessary fees, and obtain the permit to complete the housing process
This property represents a rare opportunity to develop a high-density residential project in a rapidly growing and sought-after location. Don’t miss out on this incredible development potential! For more information or to schedule a viewing, contact the listing agent today.
Property Details
- CountyLos Angeles
- Original List Price$2,298,888
- MLS #OC25041694
- MLS #OC25041694
- Property TypePurchase
- Cost2298888
- Acres0.2479
- Utility SourcePublic
- Property SubtypeLand
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Ramin Favakehi (#SFAVARAM)
Listing Office: Ramin Favakehi, Broker (#J02491)
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