Shovel ready double lot development opportunity in North Hollywood with all plans and approvals in place. Current plans call for 34,700 SqFt, 6 story building with 30 large units, including 6 future ADU conversions after C of O. Including the future ADUs there are 15 three bedroom units, 10 two bedroom units, and 5 one bedroom units. 3 units are to be Extremely Low Income. No subterranean, parking for 18+ cars is on the ground level. Buyer needs to record the low income covenant in their name to clear housing, pay some fees, and pull permit. MEP are RTI. Alternatively, buyer can go for fully affordable development and build 100+ units. Tenants are month to month and would move out with 30 day notice. Addresses are 5317 and 5321 Satsuma Ave. APNs are 2416-007-022 and 2416-007-023. Plans and approvals are available upon request.
Property Details
Property Features
Listing Office:
Office Name: The Ryans Estates Group Inc.
Office Phone: (310) 770-3344
Listing Agent: Damoon Ryan
Lot Features
Lot Information:
Lot Size: 0.25 Acres
Other
Directions Information:
Directions: East of Vineland, North of Magnolia
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
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Housing Market Comparison
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This property is $2.4M 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: #24467095
Listing Office:
Office Name: The Ryans Estates Group Inc.
Office Phone: (310) 770-3344
Listing Agent: Damoon Ryan
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: 1/7/2025, 3:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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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
4
/10
Lankershim Elementary School
5250 Bakman Ave
Distance between this listing and this school0.51 miles
Public District Grades KG-5
6
/10
Toluca Lake Elementary
4840 Cahuenga Blvd
Distance between this listing and this school0.69 miles
Public District Grades PK-5
4
/10
Oxnard Street Elementary School
10912 Oxnard St
Distance between this listing and this school0.80 miles
Public District Grades KG-5
Nearby Schools
5
/10
New Horizons Charter Academy
5955 Lankershim Blvd
Distance between this listing and this school1.19 miles
Public Charter Grades KG-8
7
/10
Luther Burbank Middle School
3700 W Jeffries Ave
Distance between this listing and this school1.28 miles
Public District Grades 6-8
6
/10
Walter Reed School
4525 Irvine Ave
Distance between this listing and this school1.45 miles
Public District Grades 6-8
Nearby Schools
9
/10
Science Academy STEM Magnet
5525 Vineland Ave
Distance between this listing and this school0.32 miles
Public Magnet Grades 6-11
3
/10
East Valley High School
5525 Vineland Ave
Distance between this listing and this school0.32 miles
Public District Grades 9-12
2
/10
Amelia Earhart Continuation
5355 Colfax Ave
Distance between this listing and this school1.15 miles
The neighbors living near this home have an average income of $46,824. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5321 Satsuma Ave
What is the listing price of this property?
The listing price of 5321 Satsuma Ave property is $3,500,000.
What type of property is this?
The property 5321 Satsuma Ave is land located in Los Angeles, California, 91601.
Is this property for sale now?
Active Listing: 5321 Satsuma Ave is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 5321 Satsuma Ave in Los Angeles, 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 27, 2024 and is currently priced at $3,500,000.
While more than 524 listings in Los Angeles, CA in December 2024 were sold above asking price, there were more than 203 listings sold at asking price, and more than 740 were sold below. The number of listings in Los Angeles, CA decreased by 5.3% between November 2024 and December 2024. In December 2024, listings were on the market for 41 days. During the same period, the median list price in this real estate market was $1,026,634.
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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