$10,000 Closing Credit¹
#SW24252379, Jeremie Tavisola, Listing Office: Realty ONE Group West
#OC25054195·
Listing office: Ramin Favakehi, Broker·
Listing agent: Ramin Favakehi·
Listing office phone: 949-929-2630
$2,298,888 List price
5315 Riverton Ave North Hollywood, CA 91601
$10,000
Closing credit¹
3 beds
3 full
1,645 sqft
0.2 acres
$1,398 / sqft
Multi-Family
Property details
About 5315 Riverton Ave
Development Opportunity in North Hollywood: Approved Plans for 22 Residential Units + 5 ADUs (27 Total Units) A prime development opportunity is available in the rapidly growing North Hollywood area! This 10,803 SF lot comes with approved plans for a 27-unit residential development. The project includes 22 residential units and 5 Accessory Dwelling Units (ADUs)—one on each floor. All necessary approvals, including LADWP service approval, have been secured, and MEP plans have already been submitted and paid for. The property spans 10,805 SF (0.248 acres), offering approximately 80 feet of frontage on North Riverton Avenue with a depth of about 135 feet. The site currently features two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone, this property presents an exceptional opportunity for high-density development. Key Features: Approved plans and MEP plans ready to go 56-foot building height with 5 residential floors and subterranean parking Total development space of approximately 31,622 SF (FAR of 4.3:1) Unit mix: 3 one-bedroom units, 17 two-bedroom units, 2 three-bedroom units 23 on-site parking spaces Buyer required to record a low-income covenant for two units and pay necessary fees This is a rare opportunity to create a high-density residential project in one of LA's most vibrant and rapidly developing neighborhoods. Don't miss out on this incredible potential!
Highlights
Home typeDuplex
StatusActive
Size1,645 sqft
Lot size0.2479 Acres
Year built1935
MLS #OC25054195
Garage2 spaces
Summary
- Full Bathrooms: 3
- Fireplace: None
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: No
- Private Pool: No
- Cooling: None
- List Price: $2,298,888
- Price/SqFt: $1,397
- Annual Tax Amount: $16,066
- Tax Year: 2024
- Directions: NoHo Arts District
- Year Built: 1935
- Stories: 1
- Living Area: 1,645 SqFt
- Lot Size: 0.2479 Acres
- MLS Number: OC25054195
- MLS Name: CRMLS
- Office Name: Ramin Favakehi, Broker
- Office Phone: (949) 929-2630
- Listing Agent: Ramin Favakehi
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: 5/5/2025, 7:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$2,298,888
5315 Riverton Ave
$10,000
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 16, 2022 | Home Sold | $1,275,000 |
| Sep 02, 1998 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,300,500 | $16,066 |
| 2023 | $1,275,000 | $15,757 |
| 2022 | $1,070,000 | $12,929 |
| 2021 | $235,975 | $3,219 |
| 2020 | $233,556 | $3,132 |
| 2019 | $228,978 | $2,914 |
| 2018 | $224,490 | $2,852 |
| 2017 | $220,089 | $2,852 |
History based on county public records data.
Nearby schools
6
Toluca Lake Elementary
Public District PK-5
0.6 mi
•4840 Cahuenga Blvd
4
Lankershim Elementary School
Public District KG-5
0.6 mi
•5250 Bakman Ave
4
Oxnard Street Elementary School
Public District KG-5
0.9 mi
•10912 Oxnard St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,824. The majority of North Hollywood, CA residents have income between $35k-100k annually. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
36%
<35k
55%
35k-100k
9%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
58%
Single, No Kids
15%
Single, with Kids
12%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
8%
12-17 yrs old
39%
18-34 yrs old
36%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
Jazz
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 5315 Riverton Ave in North Hollywood, CA and zip code 91601 in the North Hollywood neighborhood. This 1,645 square foot home, which was built in 1935, sits on a 0.25 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 12, 2025 and is currently priced at $2,298,888.
North Hollywood, CA housing market in April 2025 saw over 395 listings sold above listed price, more than 148 sold at listed price and over 328 sold below. The number of homes for sale in North Hollywood, CA increased by 10.2% between March and April 2025. Listings spent 36 days on the market in April 2025, and had a median list price of $896,516 during the same period.
From Rocket Homes Real Estate and based on county public records data.