5315 Riverton AVE Active Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC24229901
Lot Size 10,798 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.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Exterior
Community Features Curbs
View Y/N No
View None
Building
Water Public
New Construction No
Others
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard