Soon to be RTI development opportunity in North Hollywood – approximely 10,803 SF Lot with Approved Plans for 22 plus 5 recreation units for ADU development This prime 10,805 square foot property (0.248 acres) is located in North Hollywood, offering approximately 80 feet of frontage along North Riverton Avenue and a depth of about 135 feet. Currently improved with two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, the site is within a designated State Enterprise Zone, providing potential incentives for development. The approved project plans call for the construction of a 22-unit residential building, plus 5 recreation units for ADU development, one in each floor, with a total building height of 56 feet. The project will feature five residential levels above one subterranean parking level, comprising approximately 31,622 square feet of space with a Floor Area Ratio (FAR) of 4.3:1. The mix of units will include 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units, along with 23 on-site parking spaces. This property offers an exciting opportunity for a developer looking to capitalize on the growing North Hollywood market, with an approved plan for high-density residential development in a prime location.
Property Details
Property Features
Listing Office:
Office Name: Ramin Favakehi, Broker
Office Phone: (949) 929-2630
Listing Agent: Ramin Favakehi
Exterior Features
Exterior Information:
View: None
Lot Features
Lot Information:
Lot Size: 0.25 Acres
Other
Directions Information:
Directions: Magnolia and Riverton
Price Information
Listing Price Info
Price Summary:
List Price: $2,800,000
Tax Information:
Annual Amount: $3,220
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $1.7M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #OC24229901
Listing Office:
Office Name: Ramin Favakehi, Broker
Office Phone: (949) 929-2630
Listing Agent: Ramin Favakehi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/17/2024, 9:21:01 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 02, 1998
Sep 02, 1998Home Sold
$50,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$3,220
$235,975
2020
$3,132
$233,556
2019
$2,914
$228,978
2018
$2,852
$224,490
2017
$2,852
$220,089
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Toluca Lake Elementary
4840 Cahuenga Blvd
Distance between this listing and this school0.59 miles
Public District Grades PK-5
4
/10
Lankershim Elementary School
5250 Bakman Ave
Distance between this listing and this school0.64 miles
Public District Grades KG-5
4
/10
Oxnard Street Elementary School
10912 Oxnard St
Distance between this listing and this school0.85 miles
Public District Grades KG-5
Nearby Schools
7
/10
Luther Burbank Middle School
3700 W Jeffries Ave
Distance between this listing and this school1.21 miles
Public District Grades 6-8
5
/10
New Horizons Charter Academy
5955 Lankershim Blvd
Distance between this listing and this school1.31 miles
Public Charter Grades KG-8
6
/10
Walter Reed School
4525 Irvine Ave
Distance between this listing and this school1.53 miles
Public District Grades 6-8
Nearby Schools
9
/10
Science Academy STEM Magnet
5525 Vineland Ave
Distance between this listing and this school0.44 miles
Public Magnet Grades 6-11
3
/10
East Valley High School
5525 Vineland Ave
Distance between this listing and this school0.44 miles
Public District Grades 9-12
6
/10
Burbank Unified Independent Learning Academy (Buila)
3715 Allan Ave
Distance between this listing and this school1.14 miles
The neighbors living near this home have an average income of $46,824. The majority of Los Angeles, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5315 Riverton Ave
What is the listing price of this property?
The listing price of 5315 Riverton Ave property is $2,800,000.
What type of property is this?
The property 5315 Riverton Ave is land located in North Hollywood, California, 91601.
Is this property for sale now?
Active Listing: 5315 Riverton Ave is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,220 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 2, 1998 for $50,000. (source: MLS/tax record).
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This home is located at 5315 Riverton Ave in North Hollywood, CA and zip code 91601 in the North Hollywood neighborhood. This home sits on a 0.25 acre lot. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $2,800,000.
In October 2024 more than 598 listings in Los Angeles, CA were sold above the asking price. During the same period more than 191 listings were sold at asking price, while more than 753 were sold below. The inventory of homes for sale in Los Angeles, CA between September 2024 and October 2024 increased by 11.2%. While the average time on the market in October 2024 was 38 days, the median list price was $1,023,474.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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