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.
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