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.
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