5321 Satsuma Avenue, Los Angeles CA, 91601

Active

5321 Satsuma Avenue

Los Angeles CA, 91601

$3,500,000

$324.07 per sqft

Active

0.25 Acres

Land

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

Listed by Damoon Ryan, The Ryans Estates Group Inc., CA DRE 01889504

Listing Contact: 310-770-3344

Based on information from the CRISNet MLS as of 12/5/2024, 12:48 PM UTC. 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. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.