5627 Riverton Avenue, North Hollywood, California 91601, North Hollywood, 91601 - 0 bed, 0 bath
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North Hollywood, California 91601
This 2023-built Quadruplex represents a High-Potential Investment Opportunity, listed at $3,290,000. While priced slightly above the $3,161,095 Fair Market Value, the property offers a stable, turnkey asset in the heart of the NoHo Arts District. Featuring an Excellent Condition Rating, modern designer kitchens, and high-end finishes, this development minimizes capital expenditure. Its prime location near major transit hubs and the NoHo West Shopping Center ensures strong rental demand. This is an ideal acquisition for Buy-and-Hold Investors or Portfolio Diversifiers seeking a premium, income-producing asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5627 Riverton Avenue Subject | $3,290,000* List Price | 0 | 0 | 6,170 | $512 | - |
A 5654 Cartwright Avenue Sold | $2,775,000 | 0 | 0 | 5,538 | $501 | 0.2 mi |
B 5648 Cartwright Sold | $2,775,000 | 0 | 0 | 5,538 | $501 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This is a 2023 newer-construction development in mint condition. It features modern designer kitchens with quartz countertops, stainless steel appliances, and brand-new systems (HVAC/Electric), requiring no maintenance.
Completed in 2023, this property offers modern luxury finishes and energy-efficient systems, significantly reducing immediate capital expenditure and maintenance costs for a prospective investor.
Situated in the heart of the NoHo Arts District, the property benefits from exceptionally high rental demand due to its proximity to major transit hubs, trendy dining, and the NoHo West Shopping Center.
The residences feature spacious townhome-style layouts with high ceilings, designer kitchens, and gated parking, providing a high-end residential feel that commands top-market rental rates.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 6170, other record living area = 1633.
With a list price of $3.29M, the high price-per-unit may result in a lower initial capitalization rate compared to older value-add opportunities in the surrounding area.
While the property includes six dedicated spaces, the ratio of 1.5 spots per unit may be restrictive for multi-tenant households in a car-dependent market like Los Angeles.
Introducing 5627 Riverton Ave — a stunning newer-construction four-unit townhome development completed in 2023, offering the perfect blend of modern luxury, architectural style, and exceptional investment potential in the heart of the highly sought-after NoHo Arts District. Thoughtfully designed with sophisticated contemporary finishes and strong income-producing appeal, this trophy property stands out as one of the best opportunities in North Hollywood. Each residence showcases bright open-concept living spaces with oversized windows that flood the interiors with natural light, creating a warm yet modern ambiance throughout. Designer kitchens feature custom cabinetry, sleek quartz countertops, stainless steel appliances, and stylish finishes that elevate everyday living. Spacious layouts, high ceilings, and premium craftsmanship provide the feel and comfort of luxury single-family living. The securely gated property offers ample parking with six dedicated spaces, including two assigned spots for each townhome and additional dedicated parking for the single-story units. Situated adjacent to a charming single-family neighborhood, the property offers privacy and a true residential feel while remaining moments away from the energy and excitement of the NoHo Arts District. Residents will enjoy close proximity to trendy restaurants, theaters, coffee shops, nightlife, and boutique retail, along with convenient access to the NoHo West Shopping Center, Metro, Metrolink, and the 101, 134, and 170 freeways for effortless commuting across Los Angeles. With strong rental demand, newer construction advantages, and an unbeatable location in the 91601 zip code, 5627 Riverton Ave presents a rare opportunity for investors seeking a turnkey asset with long-term upside and excellent cash-flow potential
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 6,170 | 3,272 | 92% |
| Lot Size | 9,690 | 6,777 | 92% |
| Price | $3.29M | $1.28M | 92% |
| Price per sq ft | $533 | $456 | 75% |
| Built year | 2023 | 1958 | 75% |
| HOA | $0 | $0 | 50% |
| Days on market | 12 | 132 | 8% |
Jun 3, 2026
$3,290,000
Initial Listing
Mar 26, 2021
$850,000
Public Record
Nov 1, 2006
$600,000
Public Record
Aug 31, 1994
$110,000
Public Record