Listing by: Ramin Favakehi, Ramin Favakehi, Broker, 949-929-2630
0 Beds
n/a Full bath
n/aSqFt
Active
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 development This 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.
Property Details | ||
---|---|---|
Price | $2,800,000 | |
Lot Size Area | 10800 | |
Lot Size Area Units | Square Feet | |
Acres | 0.2479 | |
Property Type | Land | |
Exterior Features | Curbs,Curbs | |
View | None | |
Lot Description | Lot 10000-19999 Sqft | |
Association Fee | 0 | |
Geographic Data | ||
Directions | Magnolia and Riverton | |
County | Los Angeles | |
Latitude | 34.167227 | |
Longitude | -118.365684 | |
Market Area | NHO - North Hollywood | |
Address Information | ||
Address | 5315 Riverton Avenue, North Hollywood, CA 91601 | |
Postal Code | 91601 | |
City | North Hollywood | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Ramin Favakehi, Broker | |
Listing Agent | Ramin Favakehi | |
Listing Agent Phone | 949-929-2630 | |
Attribution Contact | 949-929-2630 | |
Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
Special listing conditions | Standard | |
Ownership | None | |
MLS Information | ||
Days on market | 35 | |
MLS Status | Active | |
Listing Date | Nov 7, 2024 | |
Listing Last Modified | Dec 12, 2024 | |
Tax ID | 2416011026 | |
MLS Area | NHO - North Hollywood | |
MLS # | OC24229901 |
This information is believed to be accurate, but without any warranty.