5315 Riverton Avenue, North Hollywood (los Angeles), CA 91601
5315 Riverton Avenue, North Hollywood (los Angeles), CA 91601
5315 Riverton Avenue, North Hollywood (los Angeles), CA 91601
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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660
$2,000,000
Est. payment /mo
10,799 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CL26720329

HOA Y/N No

Lot Size 10,799 Sqft

Acres 0.2479

Property Sub-Type Unimproved Land

Property Description

We are pleased to present 5321 Riverton Avenue, a premier entitled multifamily development opportunity located in the heart of North Hollywood, one of Los Angeles' fastest-growing rental submarkets. Positioned within a federally designated Opportunity Zone and benefiting from Transit Oriented Communities (TOC) Tier 3 incentives, the project offers investors a rare opportunity to acquire a high-density, institutional-quality development with approvals in place, significantly reducing entitlement risk and accelerating the path to construction. The property is surrounded by significant ongoing development, strong rental demand, and continued public and private investment, making it an ideal long-term hold or build-to-core strategy.This prime 10,799 SF lot will be delivered entitled with approved plans for a 27-unit residential building offering an efficient and modern unit mix designed to capture strong market rents. All major entitlements have been secured, including LADWP approval to serve the project, and the development includes approved architectural plans and MEP designsubstantially de-risking the pre-construction and entitlement timeline. The project spans approximately 31,622 square feet (4.3:1 FAR) and is designed as a five-story building with a height of 56 feet, featuring

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N false

View None

Building

New Construction No

Others

Tax ID 2416011026

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Bridge MLS
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Listed by Filip Niculete • Marcus & Millichap

NEARBY SCHOOL & BUSINESS

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Eric & Janelle Boyenga

Eric & Janelle Boyenga

+1(408) 373-1660

Agent | DRE01254724 / 01254725

Agent DRE01254724 / 01254725

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