5315 Riverton Avenue, North Hollywood, CA 91601

$1,598,888

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List Price
$1,598,888
Status
ACTIVE
MLS#
OC26154257
Year Built
1935
Lot Size
10,800
Acres
0.25
Days on Market
12
Property Type
Single Family Residential
Property Sub Type
Single Family Residence
Stories
One Level

Property Description

Prime North Hollywood development opportunity on an approximately 10,805 SF R3-1VL lot with approved plans for a 27-unit residential project consisting of 22 apartment units and 5 ADUs. The proposed development includes a five-story building with subterranean parking, approximately 31,622 SF of gross building area, and 23 on-site parking spaces. The property is currently improved with two residential structures and a detached garage/storage building. Located within a Tier 3 Transit Oriented Communities (TOC) area. Buyer to verify all zoning, approvals, permits, development standards, TOC incentives, square footage, and all information with the City of Los Angeles. Buyer is advised to independently verify all zoning, approvals, permits, development potential, square footage, TOC incentives, affordable housing requirements, and all other information with the City of Los Angeles and applicable agencies.

Additional Information

Pool Description
None
Cooling Description
None
View
None
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
2
Gross Scheduled Income
$41,940
Operating Expense
3962

Listing courtesy of Listing Agent: Ramin Favakehi (RaminFavakehi@Gmail.com) from Listing Office: Ramin Favakehi, Broker.

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.