5321 Satsuma Avenue , Los Angeles, CA 91601
Los Angeles, CA 91601
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.
Details
| Mls | 24467095 |
|---|---|
| Listing Type | For Sale |
| Subtype | Resale |
| Status | Active |
| Days On Site | 11 |
| Listing Provided By | The Ryans Estates Group Inc. 310-770-3344 | Damoon Ryan |
Features
| Zoning | LAR3 |
|---|---|
| Acreage | 0.25 |
| Property View | Yes |
Market Activity 91601
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 91601 |
| Area | NHO North Hollywood |
| Listing VS Median (in 91601) | |
Price: $3,500,000 low | high Med: $729,950 On Site: 11 low | high Med: 42.500000 | |