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Listed by Ramin Favakehi • Ramin Favakehi, Broker
$ 2,800,000
Est. payment /mo
Active
5315 Riverton Avenue North Hollywood (los Angeles), CA 91601
10,800 SqFt
UPDATED:
12/13/2024 07:28 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 10,800 sqft
Price per Sqft $259
MLS Listing ID CROC24229901
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 10,800 Sqft
Property Description
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-density resident
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
Building
Water Public
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