North Hollywood, CA 91601,5327 Riverton AVE
North Hollywood, CA 91601,5327 Riverton AVE
North Hollywood, CA 91601,5327 Riverton AVE
13
$1,302,500
$1,250,000
4.2%
Est.Price: ?

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8,102 Sqft Lot

5327 Riverton AVE North Hollywood, CA 91601

Est. payment /mo
SOLD DATE : 04/10/2024

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Key Details

Sold Price $1,302,500

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID BB23213385

Sold Date 04/10/24

HOA Y/N No

Lot Size 8,102 Sqft

Lot Dimensions Assessor

Property Description

5327 Riverton Ave is an 8,100 square foot, flat LAR 3 (Tier 3 TOC!) lot in prime NoHo Arts, adjacent to Toluca Woods. This SB-8 exempt property is being delivered with stamped, RTI plans for an exquisite 8-unit project containing six 3 bedroom, 3 bathroom 2-story units and two 2 bed, 2 bathroom + den units. Start construction right away on the existing project, or bring your own plans to the table! At only $1,250,000, this is priced to sell right away! With land inventory at an all-time low, this ideally located NoHo lot presents developers countless options. Thanks to the ideal lot dimensions of 60' x 135', you could:
1. Proceed with construction on this already approved 8-unit project. The plans are premium and will result in a pride-of-ownership 8-unit that will be the crown jewel of NoHo!
2. Build a more affordable to construct "double duplex" model project (estimate of 6 units, perhaps more if you add on ADU's). We are currently selling a fourplex a few blocks away at $3,325,000- making for a price per door of $831,250.
3. Build a 10-unit project. By right you can build 10 units.
4. Take advantage of the Tier 3 TOC and construct up to 17 units.

5327 Riverton Ave is located in the heart of the outrageously trendy NoHo Arts District. It is half a mile from the neighborhood’s hub of Lankershim and Magnolia. It’s also just blocks away from the upscale neighborhoods of Toluca Lake and Toluca Woods. This is the ideal opportunity to develop a hugely profitable apartment, condominium or small lot project!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Fireplace No

Exterior

Community Features Biking, Curbs, Sidewalks

View Neighborhood, None

Building

Lot Description Rectangular Lot, Street Level, Walkstreet

Water Public

New Construction No

Others

Senior Community No

Tax ID 2416011005

Acceptable Financing Submit

Listing Terms Submit

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Elizabeth Maddox • Myunits.com Inc. • 818-850-8485
Bought with Elizabeth Maddox • Myunits.com Inc.

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Nicole Parent

Broker Associate | License ID: 01827226

+1(559) 930-7171

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