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5315 Riverton Avenue, North Hollywood, CA 91601

North Hollywood
Local realty services provided by:CENTURY 21 Discovery
5315 Riverton Avenue,North Hollywood, CA 91601
$2,000,000
  • 0.25 Acres
  • Lots / Land
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26720329
Source:CRMLS

Price summary

  • Price:$2,000,000

About this home

We are pleased to present 5321 Riverton Avenue, a premier entitled multifamily development opportunity located in the heart of North Hollywood, one of Los Angeles' fastest-growing rental submarkets. Positioned within a federally designated Opportunity Zone and benefiting from Transit Oriented Communities (TOC) Tier 3 incentives, the project offers investors a rare opportunity to acquire a high-density, institutional-quality development with approvals in place, significantly reducing entitlement risk and accelerating the path to construction. The property is surrounded by significant ongoing development, strong rental demand, and continued public and private investment, making it an ideal long-term hold or build-to-core strategy.This prime 10,799 SF lot will be delivered entitled with approved plans for a 27-unit residential building offering an efficient and modern unit mix designed to capture strong market rents. All major entitlements have been secured, including LADWP approval to...

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Home facts

  • Listing ID #:26720329
  • Added:45 day(s) ago
  • Updated:May 30, 2026 at 10:35 AM

Structure and exterior

  • Lot area:0.25 Acres

Finances and disclosures

  • Price:$2,000,000
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Discovery is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Discovery, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Stephanie Goedl

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