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Listed by Ramin Favakehi • Ramin Favakehi, Broker
$2,298,888
Est. payment /mo
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Square Footage 1,645 sqft
Price per Sqft $1,397
MLS Listing ID CROC25054195
Bedrooms 3
Full Baths 3
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1935
Lot Size 10,800 Sqft
Property Sub-Type Detached
Property 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
Location
State CA
County Los Angeles
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Pool None
View None
Private Pool false
Building
Story 1
Water Public
Schools
School District Los Angeles Unified
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