5315 Riverton Avenue 2416011026
North Hollywood, CA, 91601
$2,298,888
Beds
0 Baths
SqFt
0.25 Acres
Add
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&#39's most vibrant and rapidly developing neighborhoods. Don&#39't miss out on this incredible potential!

Property Details

Price:
$2,298,888
MLS #:
OC25051515
Status:
Active
Baths:
0
Address:
5315 Riverton Avenue 2416011026
Type:
Land
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
Mar 8, 2025
State:
CA
ZIP:
91601
Lot Size:
10,800 sqft / 0.25 acres (approx)
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Exterior

Community Features
Curbs
Lot Features
Lot 10000-19999 Sqft
View
None
Water Source
Public

Financial

Association Fee
0.00

Map

Community

Similar Listings Nearby

5315 Riverton Avenue 2416011026
North Hollywood, CA