5321 Satsuma Avenue, Los Angeles, CA 91601
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Listed Price :
$3,500,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
Property Description
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.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
5321 Satsuma Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
91601 |
| County |
Los Angeles |
| Listing Agent |
Damoon Ryan DRE #01889504 |
| Courtesy Of |
The Ryans Estates Group Inc. |
| List Price |
$3,500,000 |
| Status |
Active |
| Type |
Land |
| Structure Size |
N/A |
| Lot Size |
10,800 |
Listing information courtesy of: Damoon Ryan, The Ryans Estates Group Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 27th, 2024 at 12:20 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
