5315 Riverton Avenue, North Hollywood, CA 91601 - Berkshire Hathaway HomeServices California Properties
Phone949-212-2023
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5315 Riverton Avenue, North Hollywood, CA 91601

$2,298,888 Approx. USD 0 beds, 0 baths
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Listing Agent


Ramin Favakehi | RaminFavakehi@Gmail.com
Lic#: 01006682
Broker: Courtesy of Ramin Favakehi, Broker

Agent Remarks

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!

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# OC25052806
Price: $2,298,888
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 2026
0.25 acres
Lot size: 0.2479
County: Los Angeles
Zoning: LAR3
MLS area: NHO - North Hollywood

Last Updated: 3/22/2025

 Days On Market (DOM): 62

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This listing belongs to the NHO - North Hollywood MLS area

Lat/Long: 34.167227, -118.365684.
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Source: CRM. Also Available in OC25051515, OC25054195,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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