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… Read More 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. Read Less
Property listed by The Ryans Estates Group Inc., Damoon Ryan 310-770-3344
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Lot Size
0.25 Acres
MLS Number
25508835
30 Days Snapshot Of 91601
$1,074k
-30%
(avg) sold price
10
0%
homes sold
84
-4%
(avg) days on market
Snapshot
Area Map
Additional Details
Lot
0.248 acres, 10,804 square feet, Size: 10,804
Property
Zoning: LAR3, None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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