Request More Info
Schedule a Showing
Share
Print
|
Seller would consider seller financing with 50% down payment.Development Opportunity in North Hollywood: Approved Plans for 22 Residential Units + 5 ADUs (27 Total Units)A prime development opportunity is available in the rapidly growing North Hollywood area! This 10,803 SF lot comes with approved plans for a 27-unit residential development. The project includes 22 residential units and 5 Accessory Dwelling Units (ADUs)—one on each floor. All necessary approvals, including LADWP service approval, have been secured, and MEP plans have already been submitted and paid for.The property spans 10,805 SF (0.248 acres), offering approximately 80 feet of frontage on North Riverton Avenue with a depth of about 135 feet. The site currently features two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone, this property presents an exceptional opportunity for high-density development.Key Features:Approved plans and MEP plans ready to go56-foot building height with 5 residential floors and subterranean parkingTotal development space of approximately 31,622 SF (FAR of 4.3:1)Unit mix: 3 one-bedroom units, 17 two-bedroom units, 2 three-bedroom units23 on-site parking spacesBuyer required to record a low-income covenant for two units and pay necessary feesThis is a rare opportunity to create a high-density residential project in one of LA's most vibrant and rapidly developing neighborhoods. Don't miss out on this incredible potential!
Property Type(s):
Residential Income
| Last Updated | 3/10/2025 | Year Built | 2026 |
|---|---|---|---|
| Community | North Hollywood | Garage Spaces | 23.0 |
| County | Los Angeles |
Additional Details
| AREA | North Hollywood |
|---|---|
| GARAGE | Yes |
| HOA DUES | 0 |
| LOT | 10800 sq ft |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 5 |
| 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 2025.
Twitter
Facebook
Email