Listing by: Damoon Ryan, The Ryans Estates Group Inc.
0 Beds
n/a Full bath
n/aSqFt
Active
Shovel ready double lot development opportunity in North Hollywood with all plans and approvals in place. Current plans call for 34,700 SqFt, 6 story building with 30 large units, including 6 future ADU conversions after C of O. Including the future ADUs there are 15 three bedroom units, 10 two bedroom units, and 5 one bedroom units. 3 units are to be Extremely Low Income. No subterranean, parking for 18+ cars is on the ground level. Buyer needs to record the low income covenant in their name to clear housing, pay some fees, and pull permit. MEP are RTI. Alternatively, buyer can go for fully affordable development and build 100+ units. Tenants are month to month and would move out with 30 day notice. Addresses are 5317 and 5321 Satsuma Ave. APNs are 2416-007-022 and 2416-007-023. Plans and approvals are available upon request.
Property Details | ||
---|---|---|
Price | $3,500,000 | |
Lot Size | 80x135 | |
Lot Size Area | 10800 | |
Lot Size Area Units | Square Feet | |
Acres | 0.2479 | |
Property Type | Land | |
Geographic Data | ||
Directions | East of Vineland, North of Magnolia | |
County | Los Angeles | |
Latitude | 34.167587 | |
Longitude | -118.367868 | |
Market Area | NHO - North Hollywood | |
Address Information | ||
Address | 5321 Satsuma Avenue, Los Angeles, CA 91601 | |
Postal Code | 91601 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | The Ryans Estates Group Inc. | |
Listing Agent | Damoon Ryan | |
Special listing conditions | Standard | |
MLS Information | ||
Days on market | 8 | |
MLS Status | Active | |
Listing Date | Nov 26, 2024 | |
Listing Last Modified | Dec 4, 2024 | |
Tax ID | 2416007023 | |
MLS Area | NHO - North Hollywood | |
MLS # | 24467095 |
This information is believed to be accurate, but without any warranty.