Property Details
About this Property
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-den
MLS Listing Information
MLS #
CROC24229901
MLS Source
California Regional MLS
Days on Site
45
Parking, School, and Other Information
HOA Fee
$0
Zoning
LX
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
5315 Riverton Ave is in North Hollywood, CA 91601. This Land is currently priced at $2,800,000. This address can also be written as 5315 Riverton Ave, North Hollywood, CA 91601.
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This listing information is up-to-date as of December 12, 2024. For the most current information, please contact Ramin Favakehi, (949) 929-2630
