5254 Riverton Ave

Los Angeles CA 91601

8112 sq. ft.

Land

Currently for sale - view listing

Overview

Pleased to present 5254 Riverton Avenue, A rare RTI development opportunity in the highly desirable North Hollywood's Arts District. The property consists of an 8,109 SF flat LAR3 lot (Tier 3 TOC) with 60 frontage and 135 depth. SB-8 exempt. Approved plans for a 4-story, 16,491 Rentable SF apartment building featuring: 7 one-bedroom / one-bath units (725825 SF) 7 large one-bedroom / two-bath units (approx. 970 SF) 1 large two-bedroom / two-bath unit (approx. 1,000 SF) Unit layouts allow potential conversion of open areas into additional bedroom/den space, enhancing rental upside. Plans include 17 on-site parking spaces. Ownership will deliver with permits ready to issue upon payment of fees true shovel-ready opportunity. Prime walkable location near retail, dining, and entertainment. Easy access to 101 & 134 Freeways and the nearby Universal/Studio City station with direct service to Downtown Los Angeles. ________________________________________

Features

8112 sq. ft. lot size

Land

Property history for 5254 Riverton Ave

2020

Sold

$1,300,000

15 Oct 2020 by Bryce Lowe, of Compass

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