5315 Riverton, North Hollywood, CA 91601

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Glen Henderson

[email protected] +1(619) 889-7646

$1,998,000

Est. payment - /mo

10,800 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25228792

Lot Size 10,800 Sqft

Property Sub-Type Lots/Land

Type of Financing Exchange

Property Type Lots/Land

Property Description

Development Opportunity in North Hollywood: Approved Plans for 22 Residential Units + 5 ADUs (27 Total Units) A prime development opportunity is available in the rapidly growing North Hollywood area! This 10,803 SF lot comes with approved plans for a 27-unit residential development. The project includes 22 residential units and 5 Accessory Dwelling Units (ADUs)one on each floor. All necessary approvals, including LADWP service approval, have been secured, and MEP plans have already been submitted and paid for. The property spans 10,805 SF (0.248 acres), offering approximately 80 feet of frontage on North Riverton Avenue with a depth of about 135 feet. The site currently features two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone, this property presents an exceptional opportunity for high-density development. Key Features: Approved plans and MEP plans ready to go 56-foot building height with 5 residential floors and subterranean parking Total development space of approximately 31,622 SF (FAR of 4.3:1) Unit mix: 3 one-bedroom units, 17 two-bedroom units, 2 three-bedroom units 23 on-site parking spaces Buyer required to record a low-income covenant for two units and pay necessary fees This is a rare opportunity to create a high-density residential project in one of LA's most vibrant and rapidly developing neighborhoods. Don't miss out on this incredible potential!

Location

State CA

County Los Angeles

Direction Magnolia and Riverton

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 2416011026

Acceptable Financing Exchange

Listing Terms Exchange

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Listed by Ramin Favakehi Ramin Favakehi, Broker

Nearby School & Business

SCHOOLS PROPERTIES

Elementary Schools 20

10

Colfax Charter Elementary

Public | KG - 5
10

Valley View Elementary

Public | KG - 5
9

Carpenter Community Charter

Public | KG - 5
9

Theodore Roosevelt Elementary School

Public | KG - 5
9

Robert Louis Stevenson Elementary

Public | KG - 5
9

Thomas Jefferson Elementary School

Public | KG - 5
8

Rio Vista Elementary School

Public | KG - 5
8

Toluca Lake Elementary

Public | PK - 5
8

Bret Harte Elementary

Public | KG - 5
8

Thomas Edison Elementary

Public | KG - 5
7

Celerity Palmati Charter

Public | KG - 8
7

Providencia Elementary

Public | KG - 5
7

George Washington Elementary

Public | KG - 5
7

Walt Disney Elementary School

Public | KG - 5
6

Monlux Elementary School

Public | KG - 5
6

Celerity Cardinal Charter

Public | KG - 8
5

Burbank Boulevard Elementary

Public | PK - 5
5

Victory Boulevard Elementary School

Public | KG - 5
5

New Horizons Charter Academy

Public | KG - 8
5

Lankershim Elementary School

Public | KG - 5

Middle Schools 6

7

Walter Reed School

Public | 6 - 8
6

Luther Burbank Middle School

Public | 6 - 8
5

Sun Valley Magnet

Public | 6 - 8
4

Roy Romer Middle School

Public | 6 - 8
0

Off Campus Learning Center

Public | 7 - 12
0

Magnolia Park

Public | 6 - 12

High Schools 9

8

North Hollywood High School

Public | 9 - 12
8

John Burroughs High School

Public | 9 - 12
3

East Valley High School

Public | 9 - 12
0

Valley Torah High School

Private | 9 - 12
0

Valley Torah

Private | 9 - 12
0

Valley Torah High School Girls' Division

Private | 9 - 12
0

Amelia Earhart Continuation

Public | 9 - 12
0

Monterey High (Continuation)

Public | 9 - 12
0

Providence High School

Private | 9 - 12

School and business data provided by Attom Data.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

5315 Riverton North Hollywood, CA 91601

Glen Henderson

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

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