5254 Riverton, North Hollywood, CA 91601
For Sale
$2,200,000

5254 Riverton
North Hollywood, CA 91601

Pleased to present 5254 Riverton Avenue, A rare RTI development opportunity in the highly desirable North Hollywood's Arts District. The property consists of an 8,109 SF flat LAR3 lot (Tier 3 TOC) with 60’ frontage and 135’ depth. SB-8 exempt. Approved plans for a 4-story, 16,491 Rentable SF apartment building featuring: • 7 one-bedroom / one-bath units (725–825 SF) • 7 large one-bedroom / two-bath units (approx. 970 SF) • 1 large two-bedroom / two-bath unit (approx. 1,000 SF) Unit layouts allow potential conversion of open areas into additional bedroom/den space, enhancing rental upside. Plans include 17 on-site parking spaces. Ownership will deliver with permits ready to issue upon payment of fees — true shovel-ready opportunity. Prime walkable location near retail, dining, and entertainment. Easy access to 101 & 134 Freeways and the nearby Universal/Studio City station with direct service to Downtown Los Angeles. ________________________________________
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Listing Agent: Vahik Beglarian | Office: Coldwell Banker Hallmark
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Josephine & Raj Sharma
Legacy Homes Realty
Advertising Agent:
Josephine & Raj Sharma
Legacy Homes Realty
Listing Agent:
Vahik Beglarian
Coldwell Banker Hallmark
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-04-04 16:57:02 (GMT / UTC +0) and /or other sources. 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.
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