Listing provided courtesy of Damoon Ryan of The Ryans Estates Group Inc.. Last updated 2025-01-30 09:21:16.000000. Listing information © 2024 Sandicor.
Asking Price: $3,500,000 |
5321 Satsuma, Los Angeles CA 91601
Community: NHO - North Hollywood
This property was built in 0 and is priced at $3,500,000. Please see the additional details below.
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.
