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$ 2,200,000
Est. payment /mo
Active
5254 Riverton North Hollywood, CA 91601
8,110 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26036124
HOA Y/N No
Lot Size 8,110 Sqft
Property Description
Pleased to present 5254 Riverton Avenue, A rare RTI development opportunity in the highly desirable North Hollywood's Arts District.
The property consists of an 8,109 SF flat LAR3 lot (Tier 3 TOC) with 60' frontage and 135' depth. SB-8 exempt.
Approved plans for a 4-story, 16,491 Rentable SF apartment building featuring:
• 7 one-bedroom / one-bath units (725–825 SF)
• 7 large one-bedroom / two-bath units (approx. 970 SF)
• 1 large two-bedroom / two-bath unit (approx. 1,000 SF)
Unit layouts allow potential conversion of open areas into additional bedroom/den space, enhancing rental upside. Plans include 17 on-site parking spaces.
Ownership will deliver with permits ready to issue upon payment of fees — true shovel-ready opportunity.
Prime walkable location near retail, dining, and entertainment. Easy access to 101 & 134 Freeways and the nearby Universal/Studio City station with direct service to Downtown Los Angeles.
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The property consists of an 8,109 SF flat LAR3 lot (Tier 3 TOC) with 60' frontage and 135' depth. SB-8 exempt.
Approved plans for a 4-story, 16,491 Rentable SF apartment building featuring:
• 7 one-bedroom / one-bath units (725–825 SF)
• 7 large one-bedroom / two-bath units (approx. 970 SF)
• 1 large two-bedroom / two-bath unit (approx. 1,000 SF)
Unit layouts allow potential conversion of open areas into additional bedroom/den space, enhancing rental upside. Plans include 17 on-site parking spaces.
Ownership will deliver with permits ready to issue upon payment of fees — true shovel-ready opportunity.
Prime walkable location near retail, dining, and entertainment. Easy access to 101 & 134 Freeways and the nearby Universal/Studio City station with direct service to Downtown Los Angeles.
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Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR-3
Interior
Fireplace No
Exterior
Community Features Street Lights, Sidewalks
View Y/N No
View None
Building
Lot Description Item01UnitAcre
Water Public
New Construction No
Others
Senior Community No
Tax ID 2416024002
Acceptable Financing Item1031Exchange
Listing Terms Item1031Exchange
Special Listing Condition Standard
Listed by Vahik Beglarian Coldwell Banker Hallmark 818-203-5471, DRE #00941552
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