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Listed by Ramin Favakehi • Ramin Favakehi, Broker
$ 2,800,000
Est. payment /mo
Active
5315 Riverton Avenue North Hollywood, CA 91601
10,800 Sqft Lot
UPDATED:
12/13/2024 12:56 AM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-24229901
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 residential development in a prime location.
Location
State CA
County Los Angeles
Zoning LAR3
Exterior
Community Features Curbs
View Y/N No
View None
Building
Lot Description Lot 10000-19999 Sqft
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944