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Map
$1,125,000 - $1,375,000
●
Land -
Off Market
5327 Riverton Avenue
North Hollywood, CA 91601
Studio
0 Bath
Sold Mar 30, 2018
$1,210,000
$4,300,000
by Freedom Reit
Mortgage Due Feb 15, 2052
Sold Oct 26, 2004
$527,500
Seller
$422,000
by Wells Fargo Bank Na
Mortgage Due Oct 06, 2014
About This Property
The 2-4 Unit Specialists are pleased to present 5327 Riverton Ave,
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!
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!
Unit Size
-
Days on Market
-
Land Size
0.19 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1938
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Apr 14, 2024 | No longer available | - | |
No longer available | |||
Dec 22, 2023 | In contract | - | |
In contract | |||
Dec 8, 2023 | Price Decreased |
$1,250,000
↓ $100K
(7.4%)
|
|
Price Decreased | |||
Nov 20, 2023 | Listed | $1,350,000 | |
Listed |
Property Highlights
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
3
Beds
3.5
Baths
1,891 ft²
$661/ft²
$1,250,000
Sep 1, 2023
-
$234/mo
Active
Multifamily
4
Beds
3
Baths
2,155 ft²
$603/ft²
$1,300,000
Oct 4, 2023
-
-
Active
Multifamily
7
Beds
6
Baths
3,189 ft²
$423/ft²
$1,349,000
Oct 4, 2023
-
-
In Contract
House
3
Beds
3.5
Baths
2,119 ft²
$543/ft²
$1,150,000
Sep 29, 2023
-
$234/mo
Active
House
3
Beds
3.5
Baths
1,691 ft²
$620/ft²
$1,049,000
Dec 8, 2023
-
$99/mo
About South Valley
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