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$ 1,295,000
Est. payment | /mo
8,102 Sqft Lot
$ 1,295,000
Est. payment | /mo
8,102 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB25167518
HOA Y/N No
Lot Size 8,102 Sqft
Property Description
5327 Riverton Ave is an exceptional opportunity to build a new 6-unit development — or up to 10 units by right — in the heart of the North Hollywood Arts District, one of LA's fastest-growing and most in-demand neighborhoods. This SB-8 exempt, non–rent-controlled, LAR3-zoned lot is a rare find in today's landscape, offering developers a streamlined path forward with no tenant relocation or replacement unit requirements—saving both time and capital.
Delivered RTI with plans for six thoughtfully designed townhomes, the current design includes two oversized 3-bedroom, 3.5-bath units and four spacious 2-bedroom, 2.5-bath units. Each features open layouts, en-suite bathrooms, in-unit laundry, and dedicated parking — ideal for today's renter. Prefer to bring your own plans? With LAR3 zoning and SB-8 exemption, developers can build up to 10 units by right — a unique value-add opportunity.
Located steps from The Laemmle Theatre, The Federal Bar, Chandler Bike Path, and the newly developed NoHo West hub — home to Trader Joe's, boutique fitness studios, and curated retail — this site offers unbeatable walkability in a red-hot submarket. With very few SB-8 exempt properties left, this is a rare plug-and-play opportunity in a high-growth corridor.
Call now before this one gets snatched up.
Delivered RTI with plans for six thoughtfully designed townhomes, the current design includes two oversized 3-bedroom, 3.5-bath units and four spacious 2-bedroom, 2.5-bath units. Each features open layouts, en-suite bathrooms, in-unit laundry, and dedicated parking — ideal for today's renter. Prefer to bring your own plans? With LAR3 zoning and SB-8 exemption, developers can build up to 10 units by right — a unique value-add opportunity.
Located steps from The Laemmle Theatre, The Federal Bar, Chandler Bike Path, and the newly developed NoHo West hub — home to Trader Joe's, boutique fitness studios, and curated retail — this site offers unbeatable walkability in a red-hot submarket. With very few SB-8 exempt properties left, this is a rare plug-and-play opportunity in a high-growth corridor.
Call now before this one gets snatched up.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Fireplace No
Exterior
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View City Lights, Neighborhood
Building
Lot Description Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 2416011005
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Virtual Tour https://www.myunits.com/buy/5327riverton
Listed by Lauren Cearley Myunits.com Inc. 209-298-6020
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Jody Bell
REALTOR® | Lic# 01922877