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Development Opportunity in North Hollywood – Approved Plans for 22 Residential Units and 5 ADUsAn exceptional opportunity awaits developers in the thriving North Hollywood area! This prime 10,803 SF lot comes with approved plans for a 22-unit residential building, along with 5 recreational ADU units. All necessary approvals have been secured, including LADWP’s approval to serve the project, and the development will be delivered with fully approved MEP plans.The property, which spans 10,805 square feet (0.248 acres), offers approximately 80 feet of frontage on North Riverton Avenue and a depth of around 135 feet. Currently, the site includes two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone.Key Features:Approved plans for a 22-unit residential building and 5 recreational ADUs, one on each floorBuilding height of 56 feet, with five residential floors and subterranean parkingTotal development space of approximately 31,622 square feet (FAR of 4.3:1)Unit mix includes 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units23 on-site parking spacesBuyer required to record the low-income covenant in their name for two units, pay necessary fees, and obtain the permit to complete the housing processThis property represents a rare opportunity to develop a high-density residential project in a rapidly growing and sought-after location. Don’t miss out on this incredible development potential! For more information or to schedule a viewing, contact the listing agent today.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 2/25/2025 | Community | Not Defined |
|---|---|---|---|
| County | Los Angeles |
Additional Details
| AREA | Not Defined |
|---|---|
| HOA DUES | 0 |
| LOT | 10800 sq ft |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LAR3 |
Location
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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.
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