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5315 Riverton
North Hollywood, CA 91601

$2,000,000 USD

Land For Sale  •  0.25 AC

Property Details

  • Property Type Land
  • Lot Size 0.25 AC
  • Zoning R3-1VL - ZI-2374
50 Transit Score
70 Walk Score

Highlights

Delivered Entitled with Plans – The project will be delivered with approved plans in place; however, plans will require modification.
Opportunity Zone Investment - Located within a federally designated Opportunity Zone, providing potential tax deferral.
TOC Tier 3 Density Bonus - Benefits from Tier 3 TOC incentives, enabling increased density, reduced parking requirements.
High-Density 4.3 FAR Development - ±31,622 SF of buildable area on a ±10,799 SF lot, maximizing land utilization in a proven multifamily corridor.
De-Risked Development Timeline - Includes LADWP will-serve letter and fully approved MEP plans, significantly reducing pre-construction timelines.
Institutional-Quality Asset Design - Five-story, 56-foot building with subterranean parking (23 spaces), designed to meet modern renter expectations.

Public Transportation

Commuter RailDriveWalkDistance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 3.2 mi
Burbank Airport - North (Av Line) Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains) 7 min - 3.9 mi
Transit/SubwayDriveWalkDistance
North Hollywood Station (Orange Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 15 min 0.8 mi
AirportDriveWalkDistance
Bob Hope 7 min - 3.6 mi
Los Angeles International 35 min - 24.7 mi
Long Beach (Daugherty Field) 48 min - 34.8 mi
Filip Niculete 818-212-2748 Marcus & Millichap
Filip Niculete 818-212-2748 Marcus & Millichap