5315 Riverton Avenue 5315 Riverton Avenue North Hollywood, California 91601 United States

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 go56-foot building height with 5 residential floors and subterranean parkingTotal 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 units23 on-site parking spacesBuyer required to record a low-income covenant for two units and pay necessary feesThis 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 Courtesy of Ramin Favakehi, Broker, Email/Phone : 949-929-2630