5642 Riverton Ave, North Hollywood, CA 91601 ++ price reduction ++
Great off-Market Development Opportunity in North Hollywood
LOT SIZE 12,183 SQFT
This may be a perfect opportunity for you to build multi units in an excellent location.
A habitable house sits on a large lot, which can get $3000 rent per/month with some TLC repairs.
You can get a nice cash flow while you proceed with an option to build more units.
With its present zoning, you can start building 3-4 houses/townhouses in the very near future. A professional architect can obtain a preliminary plan check approval within two weeks of your endorsement of the plan.
- You can flip this project after receiving preliminary plan check approval for a quick profit
- You can proceed to get your construction permit within six months, build it, then sell it upon completion for a substantial return on investment.
Feel free to drive by the property, but PLEASE do not disturb the occupants.
+++ update +++
This property has 12,183 sq-ft. It is one of the biggest lots around. Zoning LAR2-1VL and it could be divided into 2 lots or build on it and enjoy the single family residence with a big yard. This property is ready to be sold. Take advantage....It won't last long.
Information contained here is deemed reliable, but not guaranteed.
Prospective buyer is to perform his/her own due diligence.