Active
5315 Riverton AVE
NORTH HOLLYWOOD CA, 91601
$2,800,000
$259.26 per sqft
Active
0.25 Acres
Land
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.
OC24229901MR
MLSⓇ ID
November 7, 2024
Listed
December 13, 2024
Updated
Map
5315 Riverton AVE
NORTH HOLLYWOOD CA, 91601
Exterior/Building Features
Lot Size
0.25 Acres
Other Property Details
Area Name
North Hollywood
Days on Market
35
Garage
No
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LAR3
Listed by Ramin Favakehi with Ramin Favakehi, Broker
Listing Contact: 949-929-2630
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/13/2024