5315 Riverton AVE new Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,645 sqft
Price per Sqft $1,397
MLS Listing ID OC25054195
Bedrooms 3
Full Baths 3
Year Built 1935
Lot Size 10,798 Sqft
Property Sub-Type Duplex
Property Description
Seller would consider seller financing with 50% down payment.
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
Cooling None
Fireplaces Type None
Laundry None
Exterior
Garage Spaces 2.0
Garage Description 2.0
Pool None
Community Features Curbs
View Y/N No
View None
Building
Dwelling Type Duplex
Story 1
Sewer Public Sewer
Water Public
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing 1031 Exchange,Owner Will Carry,Owner May Carry,Private Financing Available
Listing Terms 1031 Exchange,Owner Will Carry,Owner May Carry,Private Financing Available
Special Listing Condition Standard