Development Opportunity in North Hollywood: Approved Plans for 22 Residential Units + 5 ADUs
This 3 bedroom, 3 bathroom single family home with 1645 square feet was built in 1935 and is located in the rapidly growing North Hollywood area. With approved plans for a 27-unit residential development, this property presents an exceptional opportunity for high-density development.
- Price
- $2,298,888
- Bed
- 3
- Bath
- 3
- Sq ft
- 1,645
5315 Riverton Ave North Hollywood, CA 91601
Listing Courtesy Of: Ramin Favakehi, Broker, Favakehi, Ramin, 01006682
MLS #: OC25054195MR
Property Type: Single Family
Year Built: 1935
Status: Active
City: North Hollywood
Days on Market: 2
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
Cooling
- None
Fireplace
- None
Laundry
- None
What's Special About This Home
Located at 5315 Riverton Ave in North Hollywood, CA, 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), with all necessary approvals secured and MEP plans ready to go.
The property also features two existing residential buildings and a garage/storage structure.
Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone, this property offers approximately 80 feet of frontage on North Riverton Avenue and a depth of about 135 feet.
With a total development space of approximately 31,622 SF (FAR of 4.3:1) and a unit mix of 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units, 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.
