#SR24247256, Reza Ghobadi, Listing Office: Reza Ghobadi
#OC25041694·
Listing Office: Ramin Favakehi, Broker·
Listing Agent: Ramin Favakehi·
Listing Office Phone: 949-929-2630
$2,298,888 List price
5321 Riverton Ave Los Angeles, CA 91601
0.2 acres
Land
Property details
About 5321 Riverton Ave
Development Opportunity in North Hollywood – Approved Plans for 22 Residential Units and 5 ADUs An exceptional opportunity awaits developers in the thriving North Hollywood area! This prime 10,803 SF lot comes with approved plans for a 22-unit residential building, along with 5 recreational ADU units. All necessary approvals have been secured, including LADWP’s approval to serve the project, and the development will be delivered with fully approved MEP plans. The property, which spans 10,805 square feet (0.248 acres), offers approximately 80 feet of frontage on North Riverton Avenue and a depth of around 135 feet. Currently, the site includes two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, and located within a State Enterprise Zone. Key Features: Approved plans for a 22-unit residential building and 5 recreational ADUs, one on each floor Building height of 56 feet, with five residential floors and subterranean parking Total development space of approximately 31,622 square feet (FAR of 4.3:1) Unit mix includes 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units 23 on-site parking spaces Buyer required to record the low-income covenant in their name for two units, pay necessary fees, and obtain the permit to complete the housing process This property represents a rare opportunity to develop a high-density residential project in a rapidly growing and sought-after location. Don’t miss out on this incredible development potential! For more information or to schedule a viewing, contact the listing agent today.
Highlights
Home typeOther
StatusActive
Lot size0.2479 Acres
MLS #OC25041694
Summary
- MLS Number: OC25041694
- 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: 3/3/2025, 11:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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5321 Riverton Ave
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Price information
Property sales
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Tax history
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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
0.8 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 Los Angeles, CA residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
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
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Frequently asked questions
About 5321 Riverton Ave
This home is located at 5321 Riverton Ave in Los Angeles, CA and zip code 91601 in the North Hollywood neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $2,298,888.
In February 2025, from all listings sold in Los Angeles, CA there were more than 212 sold above asking price, over 280 sold below and more than 105 were sold right at the asked price. The inventory of homes for sale in Los Angeles, CA between January and February 2025 increased by 10.8%. In February 2025 median list price was $989,396 and the average listing age was 44 days.
From Rocket Homes Real Estate and based on county public records data.