Pleased to present 5254 Riverton Avenue, Rare RTI development opportunity in the highly desirable North Hollywood 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 net rentable SF apartment building featuring:
• 7 one-bedroom / one-bath units (725–825 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.
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Listing agent:
Vahik Beglarian
License #00941552
Coldwell Banker Hallmark
5254 Riverton is a Land property located in North Hollywood, California, featuring a 0.186 acre lot, MLS #GD26036124.