5315 Riverton AVE new 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
HOA Y/N No
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
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
Listing Terms 1031 Exchange
Special Listing Condition Standard