5254 Riverton Avenue, North Hollywood, CA 91601

About this property

Attention developers & Investors: qualified opportunity zoned development opportunity. Currently a 4-plex with EXPIRED plans to build 10-units on a 8,109 Sq ft lot in NoHo Arts District. Per city, current zoning is R3-1VL. Near the NoHo Metro Station, Arts District and Farmers Market. Build 10 - 3 Bedroom + 2.5 Baths two level units or condos with unit square footage ranging from 1,300-1400 sq. ft. with roof top deck, 4 stories and garage parking for 14 cars or may resubmit plans can build up to 13 units, inclusive of 3 low income units. However, buyer should do their own due-diligence. ***Note: first photo is an illustration, completed property may different from conceptual photo.

Listing description from the October 2020 sale, as reported to CRMLS.

Sale history

$1,300,000

Sold October 2020 · listed $1,325,000, orig. $1,285,000, on market July 2020 · MLS #20625838 · Source: CRMLS

Listing Agent: Bryce Lowe · Listing Office: Compass · Contact: 310-893-8300 · Bought with: Vahik Beglarian · Choice Real Estate Brokers

$1,050,000

Sold December 2016 · listed $1,100,000, orig. $1,250,000, on market July 2016 · MLS #SR16162306 · Source: CRMLS

Listing Agent: Edgar Koenig · Listing Office: Koenig Properties · Contact: 818-755-8088 · Bought with: Melkon Torosyan · Hall & Chambers

$1,050,000

Sold December 2016 · listed $1,100,000, orig. $1,250,000, on market July 2016 · MLS #SR16162651 · Source: CRMLS

Listing Agent: Edgar Koenig · Listing Office: Koenig Properties · Contact: 818-755-8088 · Bought with: Melkon Torosyan · Hall & Chambers

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