CA > North Hollywood
North Hollywood, CA 91601,5321 Satsuma AVE
North Hollywood, CA 91601,5321 Satsuma AVE
North Hollywood, CA 91601,5321 Satsuma AVE
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$2,999,000
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10,802 Sqft Lot
Active

5321 Satsuma AVE North Hollywood, CA 91601

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Jenny Wu

Jenny Wu

+1(909) 569-8888

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25508835

HOA Y/N No

Lot Size 10,802 Sqft

Lot Dimensions Assessor

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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 2416007023

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Damoon Ryan • The Ryans Estates Group Inc.

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agent

Jenny Wu

Agent | License ID: 01817291

+1(909) 569-8888

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5321 Satsuma AVE

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