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5321 Satsuma Ave

Los Angeles, CA 91601
  • $3,250,000
  • STATUS: Active
  • ON SITE: 83 Days
  • MLS #: 24-467095
Price Reduced
UPDATED: 61 min ago
$3,250,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. 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.
www.deserthouseseekers.com/homes/158320793
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5321 Satsuma Ave Los Angeles, CA 91601

  • Price: $3,250,000
  • Status: Active
  • On Site: 83 Days
  • Updated: 61 min ago
  • MLS #: 24-467095
0
Beds
0
Baths
0
½ Baths
0.25
Acres
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
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.
Exterior Features

Lot Description 2-4 Lots Lot Size Area 10800 View Description Any View YN Yes

Property Features

Cable YN No Disclosures Owner Is Listing AgentOwner Has R.E. LicenseLA/Owner Related Public Street YN True Sale Type Standard Site Description Flats Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Zoning LAR3

Listing provided courtesy of Damoon Ryan DRE#01889504 of The Ryans Estates Group Inc.: 310-770-3344.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. 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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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210