Listing provided courtesy of Vahik Beglarian of Coldwell Banker Hallmark. Last updated . Listing information © 2025 SANDICOR.
Asking Price: $2,200,000
5254 Riverton, North Hollywood CA 91601
Community:
This Lot property was built in and is priced at $2,200,000. Please see the additional details below.
Pleased to present 5254 Riverton Avenue, A rare RTI development opportunity in the highly desirable North Hollywood's Arts District. The property consists of an 8,109 SF flat LAR3 lot (Tier 3 TOC) with 60 frontage and 135 depth. SB-8 exempt. Approved plans for a 4-story, 16,491 Rentable SF apartment building featuring: 7 one-bedroom / one-bath units (725825 SF) 7 large one-bedroom / two-bath units (approx. 970 SF) 1 large two-bedroom / two-bath unit (approx. 1,000 SF) Unit layouts allow potential conversion of open areas into additional bedroom/den space, enhancing rental upside. Plans include 17 on-site parking spaces. Ownership will deliver with permits ready to issue upon payment of fees true shovel-ready opportunity. Prime walkable location near retail, dining, and entertainment. Easy access to 101 & 134 Freeways and the nearby Universal/Studio City station with direct service to Downtown Los Angeles. ________________________________________
