Almost ready to issue permits. Please refer to the attached supplement for the most current project approvals.– approximately 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 29,801 gross livable 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
Property Information:
Year Built: 2026
Stories: 5
Listing Office:
Office Name: Ramin Favakehi, Broker
Office Phone: (949) 929-2630
Listing Agent: Ramin Favakehi
Exterior Features
Exterior Information:
Private Pool: No
View: None
Parking Information:
Garage Space: 23 spaces
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: #OC24242255
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: 12/18/2024, 4:20:57 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. Residents of Los Angeles, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. 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 a condo 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).
Which year was this property built?
The year of construction for 5315 Riverton Ave is 2026.
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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, which was built in 2026, sits on a 0.25 acre lot. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $2,800,000.
Los Angeles, CA housing market in November 2024 saw over 512 listings sold above listed price, more than 177 sold at listed price and over 657 sold below. Between October 2024 and November 2024, Los Angeles, CA real estate market has seen decrease in the number of listings by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
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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