Active
5321 Satsuma Avenue
Los Angeles CA, 91601
$3,500,000
$324.07 per sqft
Active
0.25 Acres
Land
Listed by Damoon Ryan with The Ryans Estates Group Inc. 310-770-3344
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.
24467095
MLSⓇ ID
November 26, 2024
Listed
December 5, 2024
Updated
Map
5321 Satsuma Avenue
Los Angeles CA, 91601
Exterior/Building Features
Lot Size
0.25 Acres
Other Property Details
Area Name
NHO - North Hollywood
Days on Market
8
Garage
No
Parking Total
0
View
Yes
County
Los Angeles
Pool
No
Zoning
LAR3
Listing Contact: 310-770-3344
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2025 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 12/5/2024 at 12:13 PM UTC