3 3 1,645 10,800 1935
Beds Baths Sq Ft Sq Ft Lot Yr Built

Property Details

Neighborhood Map
About this Property

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

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MLS Listing Information

MLS #

CROC25054195

MLS Source

California Regional MLS

Days on Site

63

Interior Features

Fireplace

None

Laundry

None

Cooling

None

Exterior Features

Pool

None

Parking, School, and Other Information

Garage/Parking

Garage: 2 Car(s)

Elementary District

Los Angeles Unified

High School District

Los Angeles Unified

HOA Fee

$0

Zoning

LAR3

Contact Agent

Ramin Favakehi

Ramin Favakehi, Broker

License #: 01006682

Phone: (949) 929-2630

Neighborhood: Around This Home

Neighborhood: Local Demographics

5315 Riverton Ave is a Single Family Residence in North Hollywood, CA 91601. This 1,645 square foot property sits on a 10,800 Sq Ft Lot and features 3 bedrooms & 3 full bathrooms. It is currently priced at $2,298,888 and was built in 1935. This address can also be written as 5315 Riverton Ave, North Hollywood, CA 91601.

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This listing information is up-to-date as of March 22, 2025. For the most current information, please contact Ramin Favakehi, (949) 929-2630