5315 Riverton AVE, North Hollywood, CA 91601 - MLS#OC25228792

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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,998,000

Est. payment | -/mo

10,798 Sqft Lot

Save

$ 1,998,000

Est. payment | -/mo

Save

10,798 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC25228792

HOA Y/N No

Lot Size 10,798 Sqft

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

Area Nho - North Hollywood

Zoning LAR3

Interior

Fireplace No

Exterior

Community Features Curbs

View Y/N No

View None

Building

Water Public

New Construction No

Others

Senior Community No

Tax ID 2416011026

Acceptable Financing 1031 Exchange, Private Financing Available

Listing Terms 1031 Exchange, Private Financing Available

Special Listing Condition Standard

Listed by Ramin Favakehi Ramin Favakehi, Broker 949-929-2630

+1(619) 302-3010

matt@homecrave.com

San Diego, CA, 92124

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5315 Riverton AVE North Hollywood, CA 91601