5315 Riverton Avenue, North Hollywood (los Angeles), CA 91601

Property Description

We are pleased to present 5321 Riverton Avenue, a premier entitled multifamily development opportunity located in the heart of North Hollywood, one of Los Angeles' fastest-growing rental submarkets. Positioned within a federally designated Opportunity Zone and benefiting from Transit Oriented Communities (TOC) Tier 3 incentives, the project offers investors a rare opportunity to acquire a high-density, institutional-quality development with approvals in place, significantly reducing entitlement risk and accelerating the path to construction. The property is surrounded by significant ongoing development, strong rental demand, and continued public and private investment, making it an ideal long-term hold or build-to-core strategy.This prime 10,799 SF lot will be delivered entitled with approved plans for a 27-unit residential building offering an efficient and modern unit mix designed to capture strong market rents. All major entitlements have been secured, including LADWP approval to serve the project, and the development includes approved architectural plans and MEP designsubstantially de-risking the pre-construction and entitlement timeline. The project spans approximately 31,622 square feet (4.3:1 FAR) and is designed as a five-story building with a height of 56 feet, featuring

Listing Status:

Active

Date Added:

March 30, 2026

Data Last Updated:

May 20, 2026 at 11:09PM

Listing Office:

Marcus & Millichap : 818-212-2700

Listing Agent:

Filip Niculete : 818-212-2763

MLS ID:

CL26720329

Location

• County: Los Angeles

Lot

• Zoning: LAR32416011026
• View: None