Shovel ready DOUBLE LOT development opportunity in North Hollywood with all plans and approvals in place. Current plans call for 34,700 SqFt, 6 story building with 30 large units, including 6 future ADU conversions after C of O. Including the future ADUs there are 15 three bedroom units, 10 two bedroom units, and 5 one bedroom units. 3 units are to be Extremely Low Income. No subterranean, parking for 18+ cars is on the ground level. Buyer needs to record the low income covenant in their name to clear housing, pay some fees, and pull permit. MEP are RTI. Alternatively, buyer can go for fully affordable development and build 100+ units. Tenants are month to month and would move out with 30 day notice. Addresses are 5317 and 5321 Satsuma Ave. APNs are 2416-007-022 and 2416-007-023. Plans and approvals are available upon request.
Property Details
Price:
$2,999,000
MLS #:
25508835
Status:
Active
Baths:
0
Address:
5321 Satsuma Avenue 2416007023
Type:
Land
Neighborhood:
nhonorthhollywood
City:
North Hollywood
Listed Date:
Mar 8, 2025
State:
CA
ZIP:
91601
Lot Size:
10,804 sqft / 0.25 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
View
None
Financial
Map
Community
- Address5321 Satsuma Avenue 2416007023 North Hollywood CA
- AreaNHO – North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91601
Similar Listings Nearby
- 6101 Mulholland Highway 5581015007
Los Angeles, CA$3,200,000
3.69 miles away
- 2686 Zorada Drive 5569020049
Los Angeles, CA$2,990,000
3.35 miles away
- 4615 Fulton Avenue 2360021015
Sherman Oaks, CA$2,850,000
3.27 miles away
- 5150 Riverton Avenue 2419009019
North Hollywood, CA$2,599,984
0.27 miles away
- 5315 Riverton Avenue 2416011026
North Hollywood, CA$2,298,888
0.13 miles away
- 5614 Fulcher Avenue 2337029005
North Hollywood, CA$2,295,000
0.44 miles away
- 1547 Sunset Plaza Drive 5558007007
Los Angeles, CA$2,200,000
4.79 miles away

5321 Satsuma Avenue 2416007023
North Hollywood, CA
LIGHTBOX-IMAGES