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 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.
LISTING AGENT: Damoon Ryan LISTING BROKERAGE: The Ryans Estates Group Inc.
Courtesy of The Ryans Estates Group Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 5321 Satsuma Avenue 2416007023
Los Angeles, CA
Property Details
Price:
$3,500,000
MLS #:
24467095
Status:
Active
Baths:
0
Address:
5321 Satsuma Avenue 2416007023
Type:
Land
Neighborhood:
nhonorthhollywood
City:
Los Angeles
Listed Date:
Nov 26, 2024
State:
CA
ZIP:
91601
Lot Size:
10,800 sqft / 0.25 acres (approx)
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- Address5321 Satsuma Avenue 2416007023 Los Angeles CA
- AreaNHO – North Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code91601
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