Request More Info
Schedule a Showing
Share
Print
|
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.As part of the affordable housing requirements, the project will include (1) two-bedroom unit designated for Extremely Low Income Households and (1) one-bedroom unit designated for Very Low Income Households, as per (HCD). Additionally, One (1), one (1) bedroom unit on the Existing Project was verified by the Department to be occupied by a Very Low Income Household who is entitled to the right of first refusal to a comparable unit of the same bedroom type at the completed Project. 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.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 11/7/2024 | Community | North Hollywood |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AREA | North Hollywood |
|---|---|
| HOA DUES | 0 |
| LOT | 10800 sq ft |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR3 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Ramin Favakehi, Broker
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
Twitter
Facebook
Email