Property Details
About this Property
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.
MLS Listing Information
MLS #
CROC24229901
MLS Source
California Regional MLS
Days on Site
14
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 November 10, 2024. For the most current information, please contact Ramin Favakehi, (949) 929-2630
