Description
Seller would consider seller financing with 50% down payment.
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's most vibrant and rapidly developing neighborhoods. don't miss out on this incredible potential!
Property Type
LandCounty
Los AngelesStyle
LandAD ID
48889987
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Property Details
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2479
- Lot Size Source: Assessor
- Lot Size Square Feet: 10800
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Listing Information
Listing Price Information
- Original List Price: 2,298,888
- Listing Contract Date: 2025-03-08
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 2416011026
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: NHO - North Hollywood
- Postal Code Plus 4: 3336
- Directions: Magnolia and Riverton
- Zoning: LAR3
- Source Property Type: Land
- Area: NHO - North Hollywood
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 04/07/2025 @ 07:18
- MLS: OC25051515
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 10,800 sized lot, and 0 parking. are nearby neighborhoods.