5315 Riverton Avenue, North Hollywood, CA 91601
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Listed Price :
$2,800,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
Property Description
Soon to be RTI development opportunity in North Hollywood – approximely 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 31,622 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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
Listing Information
| Address |
5315 Riverton Avenue |
| City |
North Hollywood |
| State |
CA |
| Zip |
91601 |
| County |
Los Angeles |
| Listing Agent |
Ramin Favakehi DRE #01006682 |
| Courtesy Of |
Ramin Favakehi, Broker |
| List Price |
$2,800,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
10,800 |
Listing information courtesy of: Ramin Favakehi, Ramin Favakehi, Broker. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 10th, 2024 at 5:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
