5327 Riverton Ave is 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 neig
MLS #
CRBB23213385
MLS Source
California Regional MLS
Buyer's Brokerage Compensation*
2.00%
Lot Description
Grade - Level
HOA Fee
$0
Zoning
LWS, LSR, WLK
Listing Agent
Elizabeth Maddox
Myunits.com Inc.
License #: 01921425
Phone: –
Co-Listing Agent
Ian Maddox
Myunits.com Inc.
License #: 02030205
Phone: –
5327 Riverton Ave is in North Hollywood, CA 91601. This Land is currently priced at $1,302,500.
This address can also be written as 5327 Riverton Ave, North Hollywood, CA 91601.©2024 California Regional MLS. All rights reserved. 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. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of April 12, 2024. For the most current information, please contact Elizabeth Maddox