5327 Riverton Ave is an exceptional opportunity to build a new 6-unit development or up to 10 units by right in the heart of the North Hollywood Arts District, one of LAs fastest-growing and most in-demand neighborhoods. This SB-8 exempt, nonrent-controlled, LAR3-zoned lot is a rare find in todays landscape, offering developers a streamlined path forward with no tenant relocation or replacement unit requirementssaving both time and capital. Delivered RTI with plans for six thoughtfully designed townhomes, the current design includes two oversized 3-bedroom, 3.5-bath units and four spacious 2-bedroom, 2.5-bath units. Each features open layouts, en-suite bathrooms, in-unit laundry, and dedicated parking ideal for todays renter. Prefer to bring your own plans? With LAR3 zoning and SB-8 exemption, developers can build up to 10 units by right a unique value-add opportunity. Located steps from The Laemmle Theatre, The Federal Bar, Chandler Bike Path, and the newly developed NoHo West hub home to Trader Joes, boutique fitness studios, and curated retail this site offers unbeatable walkability in a red-hot submarket. With very few SB-8 exempt properties left, this is a rare plug-and-play opportunity in a high-growth corridor. Call now before this one gets snatched up.
5327 Riverton, North Hollywood Property Listing: MLS® #BB25167518 Close