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5327 Riverton Avenue
North Hollywood, CA 91601
Sold
5327 Riverton Avenue
North Hollywood, CA 91601
Sold
5327 Riverton Ave is an 8,100 square foot, flat LAR 3 (Tier 3 TOC!) lot in prime NoHo Arts, adjacent to Toluca Woods. This SB-8 exempt property is being delivered with stamped, RTI plans for an exquisite 8-unit project containing six 3 bedroom, 3 bathroom 2-story units and two 2 bed, 2 bathroom + den units. Start construction right away on the existing project, or bring your own plans to the table! At only $1,250,000, this is priced to sell right away! With land inventory at an all-time low, this ideally located NoHo lot presents developers countless options. Thanks to the ideal lot dimensions of 60' x 135', you could: 1. Proceed with construction on this already approved 8-unit project. The plans are premium and will result in a pride-of-ownership 8-unit that will be the crown jewel of NoHo! 2. Build a more affordable to construct "double duplex" model project (estimate of 6 units, perhaps more if you add on ADU's). We are currently selling a fourplex a few blocks away at $3,325,000- making for a price per door of $831,250. 3. Build a 10-unit project. By right you can build 10 units. 4. Take advantage of the Tier 3 TOC and construct up to 17 units. 5327 Riverton Ave is located in the heart of the outrageously trendy NoHo Arts District. It is half a mile from the neighborhood’s hub of Lankershim and Magnolia. It’s also just blocks away from the upscale neighborhoods of Toluca Lake and Toluca Woods. This is the ideal opportunity to develop a hugely profitable apartment, condominium or small lot project!
PROPERTY INFORMATION
| MLS # | BB23213385 | Lot Size | 8,102 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,250,000
Price Per SqFt: $ 154 |
DOM | 528 Days |
| Address | 5327 Riverton Avenue | Type | Land |
| City | North Hollywood | Sq.Ft. | 8,102 Sq. Ft. |
| Postal Code | 91601 | Garage | N/A |
| County | Los Angeles | Year Built | |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | Status | Closed | |
| Sold Date | 2024-04-10 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,333
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 04/10/2024 | Sold | $1,302,500 |
| 12/07/2023 | Price Change | $1,250,000 (-7.41%) |
| 11/20/2023 | Listed | $1,350,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Elizabeth Maddox, Myunits.com Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
