North Hollywood CA Real Estate & Land for Sale

Shovel ready DOUBLE LOT development opportunity in North Hollywood with all plans and approvals in place. Current plans call for 34,700 SqFt, 6 story building with 30 large units, including 6 future ADU conversions after C of O. Including the future ADUs there are 15 three bedroom units, 10 two bedroom units, and 5 one bedroom units. 3 units are to be Extremely Low Income. No subterranean, parking for 18+ cars is on the ground level. Buyer needs to record the low income covenant in their name to clear housing, pay some fees, and pull permit. MEP are RTI. Alternatively, buyer can go for fully affordable development and build 100+ units. Tenants are month to month and would move out with 30 day notice. Addresses are 5317 and 5321 Satsuma Ave. APNs are 2416-007-022 and 2416-007-023. Plans and approvals are available upon request.

Seller would consider seller financing with 50% down payment.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 go56-foot building height with 5 residential floors and subterranean parkingTotal 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 units23 on-site parking spacesBuyer required to record a low-income covenant for two units and pay necessary feesThis 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!

Redevelopment opportunity in North Hollywood, California. This project features two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). Located in an Opportunity Zone, the project is approved for 36 apartment units with an excellent mix of 20 two-bedroom/two-bath units and 16 one-bedroom/one-bath units, along with 27 parking stalls. The project will be delivered RTI (Ready to Issue) prior to the close of escrow. 36-Unit Redevelopment in North Hollywood Will be delivered RTI (Ready to Issue) Type III-A (Apartments) & Type I-A (Parking Garage) 27 Parking Stalls Opportunity Zone 20 two-bedroom units and 16 one-bedroom units Net Rentable: 27,731 square feet Total Building Envelope: 34,317 square feet Located just north of Burbank Blvd. and west of Vineland Ave. Easy access to the 170, 101 and 134 Freeways as well as Interstate 5

Sitting on a shovel ready Tier 3 TOC opportunity zone lot, 5640 Case Ave offers the opportunity to build 6 units with 3 bedrooms each, totaling 6,794 sqft on a 6,002 sqft lot. RTI plans include 4 units to be built plus 1 ADU with an additional ADU to potentially be built after construction. Enjoy the opportunity to build in one of the most trendy neighborhoods, the NoHo Arts District.