5315 Riverton Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 0 bed, 0 bath
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North Hollywood, California 91601
Analysis of 5315 Riverton Avenue, North Hollywood, California 91601 is currently available with a list price of $1,598,888. The property maintains a Tear down Condition Rating (10/100), reflecting significant deferred maintenance. This property is best suited for experienced investors or developers prepared for substantial renovation work. Located in a high-demand neighborhood within the North Hollywood Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for Experienced Investors and Fix-and-Flip Specialists.
Property is land value only, full reconstruction required.
Built in 1935 and marketed specifically as a development opportunity with approved plans for a 27-unit residential project, the existing structures are over 90 years old and the property's value is derived from the land and entitlements rather than the current improvements.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10800, living area = 1645.
The property comes with approved plans for a 27-unit residential project, significantly reducing entitlement risk and accelerating the timeline for construction and ROI.
Situated in a Tier 3 Transit Oriented Communities area, the site benefits from significant density bonuses and reduced parking requirements, maximizing the buildable square footage.
The proposed five-story design with subterranean parking entails higher engineering and construction costs compared to standard low-rise residential builds.
The buyer bears the full responsibility of verifying all zoning, permits, and TOC incentives, which may lead to unforeseen regulatory hurdles or adjustments to the current plans.
Prime North Hollywood development opportunity on an approximately 10,805 SF R3-1VL lot with approved plans for a 27-unit residential project consisting of 22 apartment units and 5 ADUs. The proposed development includes a five-story building with subterranean parking, approximately 31,622 SF of gross building area, and 23 on-site parking spaces. The property is currently improved with two residential structures and a detached garage/storage building. Located within a Tier 3 Transit Oriented Communities (TOC) area. Buyer to verify all zoning, approvals, permits, development standards, TOC incentives, square footage, and all information with the City of Los Angeles. Buyer is advised to independently verify all zoning, approvals, permits, development potential, square footage, TOC incentives, affordable housing requirements, and all other information with the City of Los Angeles and applicable agencies.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 3.0 |
| Baths | 0.0 | 2.0 |
| Square foot | 1,645 | 1,535.5 |
| Lot Size | 10,800 | 6,741 |
| Price | $1.60M | $991.7K |
| Price per sq ft | $972 | $629 |
| Built year | 1935 | 1947 |
| HOA | $0 | $0 |
| Days on market | 7 | 62 |
Jul 15, 2026
$1,598,888
Initial Listing
Sep 16, 2022
$1,275,000
Public Record
Feb 8, 2016
$525,000
Public Record
Sep 2, 1998
$50,000
Public Record