Overview
Description
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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Address
Open on Google Maps- Address Riverton
- City North Hollywood
- State/county Los Angeles
- Zip/Postal Code 91601
Details
Updated on February 18, 2026 at 3:08 am- Property ID: HZGD26036124
- Price: $2,200,000
- Property Status: Land
- Listed by: Vahik Beglarian
- DRE #: 00941552
- Contact Mail: vbeglarian@yahoo.com
- Brokered by: Coldwell Banker Hallmark
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