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Soon to be RTI development opportunity in North Hollywood – approximely 10,803 SF Lot with Approved Plans for 22 plus 5 recreation units for ADU developmentThis prime 10,805 square foot property (0.248 acres) is located in North Hollywood, offering approximately 80 feet of frontage along North Riverton Avenue and a depth of about 135 feet. Currently improved with two residential buildings and a garage/storage structure.Zoned R3-1VL, TIER 3, the site is within a designated State Enterprise Zone, providing potential incentives for development.The approved project plans call for the construction of a 22-unit residential building, plus 5 recreation units for ADU development, one in each floor, with a total building height of 56 feet. The project will feature five residential levels above one subterranean parking level, comprising approximately 31,622 square feet of space with a Floor Area Ratio (FAR) of 4.3:1. The mix of units will include 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units, along with 23 on-site parking spaces.This property offers an exciting opportunity for a developer looking to capitalize on the growing North Hollywood market, with an approved plan for high-density residential development in a prime location.
Last Updated | 11/7/2024 | Community | North Hollywood |
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County | Los Angeles |
Additional Details
AREA | North Hollywood |
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HOA DUES | 0 |
LOT | 10800 sq ft |
VIEW DESCRIPTION | None |
WATER | Public |
ZONING | LAR3 |
Location
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