Active
5321 Satsuma Ave
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.
24-467095
MLSⓇ ID
November 26, 2024
Listed
December 4, 2024
Updated
Map
5321 Satsuma Ave
Los Angeles CA, 91601
Exterior/Building Features
Lot Size
0.25 Acres
Lot Features
2-4 Lots
Other Property Details
Area Name
North Hollywood
Days on Market
8
Garage
No
View
Yes
View Description
Any
County
Los Angeles
Pool
No
Zoning
LAR3
Listed by Damoon Ryan with The Ryans Estates Group Inc.
Listing Contact: 310-770-3344
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Christie’s International Real Estate Southern California shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2025 Combined L.A./Westside MLS. All rights reserved.
Data last updated 12/4/2024
