NOT LISTED FOR SALE

5327 Riverton Ave North Hollywood, CA 91601

North Hollywood Neighborhood

Estimated Value: $1,422,000 - $1,549,335

0.19 Acre
$7,952,215 Price per Acre
8,102 Sq Ft Lot

Last Sold April 10, 2024

Last sale price $1,302,500 $658 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $9,560/month

23 Days on Market

Highlights

  • No HOA
  • Bike Trail
  • Rectangular Lot
  • Neighborhood Views

About This Lot

As of April 2024

5327 Riverton Ave is an 8,100 square foot, flat LAR 3 (Tier 3 TOC!) lot in prime NoHo Arts, adjacent to Toluca Woods. This SB-8 exempt property is being delivered with stamped, RTI plans for an exquisite 8-unit project containing six 3 bedroom, 3 bathroom 2-story units and two 2 bed, 2 bathroom + den units. Start construction right away on the existing project, or bring your own plans to the table! At only $1,250,000, this is priced to sell right away! With land inventory at an all-time low, this ideally located NoHo lot presents developers countless options. Thanks to the ideal lot dimensions of 60' x 135', you could:
1. Proceed with construction on this already approved 8-unit project. The plans are premium and will result in a pride-of-ownership 8-unit that will be the crown jewel of NoHo!
2. Build a more affordable to construct "double duplex" model project (estimate of 6 units, perhaps more if you add on ADU's). We are currently selling a fourplex a few blocks away at $3,325,000- making for a price per door of $831,250.
3. Build a 10-unit project. By right you can build 10 units.
4. Take advantage of the Tier 3 TOC and construct up to 17 units.

5327 Riverton Ave is located in the heart of the outrageously trendy NoHo Arts District. It is half a mile from the neighborhood’s hub of Lankershim and Magnolia. It’s also just blocks away from the upscale neighborhoods of Toluca Lake and Toluca Woods. This is the ideal opportunity to develop a hugely profitable apartment, condominium or small lot project!

Last Agent to Sell the Property

Elizabeth Maddox

Myunits.com Inc. Brokerage Phone: 818-850-8485 License #01921425 Listed on: 11/20/2023

Co-Listed By

Ian Maddox

Myunits.com Inc. Brokerage Phone: 818-850-8485 License #02030205

Last Buyer's Agent

Elizabeth Maddox

Myunits.com Inc. Brokerage Phone: 818-850-8485 License #01921425 Listed on: 11/20/2023

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $16,408

Lot Details

  • 8,102 Sq Ft Lot
  • Lot Dimensions are 60x135
  • Rectangular Lot
  • Level Lot
  • Property is zoned LAR3

Additional Features

  • Neighborhood Views
  • Standard Electricity

Listing and Financial Details

  • Legal Lot and Block 15 / 42
  • Assessor Parcel Number 2416011005
  • $211 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association

Recreation

  • Bike Trail

Property Details

Property Type

Land

Est. Annual Taxes

$16,408

Lot Details

0

Listing Details

  • Other Phone Description: Elizabeth
  • Other Phone Number: 818-850-8485
  • Zoning: LAR3
  • Property Type: Land
  • Parcel Number: 2416011005
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 160.76

Exterior Features

  • View: Neighborhood

Utilities

  • Electric: Standard
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level with Street, Rectangular Lot, Walkstreet
  • Lot Size: 60x135
  • Lot Size Sq Ft: 8102.00
  • Lot Size Acres: 0.1860

Multi Family

  • Lot Size Area: 8102.0000 Square Feet

Tax Info

  • Tax Block: 42
  • Tax Census Tract: 1253.21
  • Tax Lot: 15
  • TaxOtherAnnualAssessmentAmount: 211.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2018
Closed on
Feb 22, 2018
Sold by
Rouillard Hans R and Rouillard Elcina M
Bought by
Second Riverton Development Llc
Seller's Agent
Elizabeth Maddox
Myunits.com Inc.
Buyer's Agent
Elizabeth Maddox
Myunits.com Inc.
List Price
$950,000
Sold Price
$1,210,000
Premium/Discount to List
$260,000
27.37%
Current Estimated Value
$1,479,112

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,112
Avg. Annual Appreciation
2.24%
Original Mortgage
$786,500
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 14, 2009
Sold by
Rouillard Hans and Rouillard Elcina
Bought by
Rouillard Hans R and Rouillard Elcina M

Purchase Details

Closed on
May 5, 2005
Sold by
Rouillard Hans and Rouillard Elcina
Bought by
Rouillard Hans R and Rouillard Elcina Mar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 2004
Sold by
Jayne Dolores
Bought by
Rouillard Hans and Rouillard Elcina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,000
Interest Rate
4.25%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 14, 2002
Sold by
Jayne Harold Joseph
Bought by
Jayne Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,400
Interest Rate
6.5%

Purchase Details

Closed on
May 17, 2002
Sold by
Brown David J
Bought by
Jayne Dolores

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,400
Interest Rate
6.5%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Second Riverton Development Llc $1,210,000 Old Republic Title Company
Rouillard Hans R -- None Available
Rouillard Hans R -- Financial Title Company
Rouillard Hans $527,500 First American Title Company
Jayne Dolores -- Chicago Title
Jayne Dolores $282,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Second Riverton Development Ll $4,300,000
Closed Second Riverton Development Llc $3,205,000
Closed Second Riverton Development Llc $786,500
Previous Owner Rouillard Hans R $50,000
Previous Owner Rouillard Hans R $605,500
Previous Owner Rouillard Hans R $496,000
Previous Owner Rouillard Hans $422,000
Previous Owner Jayne Dolores $355,000
Previous Owner Jayne Dolores $197,400
Closed Rouillard Hans $78,000
Closed Rouillard Hans R $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2024 04/10/24 Sold $1,302,500 +4.2% $658 / Sq Ft
12/13/2023 12/13/23 Pending -- -- --
12/07/2023 12/07/23 Price Changed $1,250,000 -7.4% $632 / Sq Ft
11/20/2023 11/20/23 For Sale $1,350,000 +11.6% $683 / Sq Ft
03/30/2018 03/30/18 Sold $1,210,000 +27.4% $612 / Sq Ft
02/20/2018 02/20/18 Pending -- -- --
02/11/2018 02/11/18 For Sale $950,000 -- $480 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $16,408 $1,349,777 $1,349,777 --
2023 $16,087 $1,323,311 $1,323,311 $0
2022 $15,332 $1,297,364 $1,297,364 $0
2021 $15,158 $1,271,926 $1,271,926 $0
2019 $14,891 $1,234,200 $850,578 $383,622
2018 $7,861 $646,210 $516,971 $129,239
2016 $7,502 $621,119 $496,898 $124,221
2015 $7,392 $611,791 $489,435 $122,356
2014 $7,419 $599,808 $479,848 $119,960
Source: Public Records

Agents Affiliated with this Home

  • Elizabeth Maddox

    Seller's Agent in 2024

    Elizabeth Maddox

    Myunits.com Inc.

    (818) 850-8485

    29 in this area

    120 Total Sales

    Elizabeth Maddox
    Section Image

  • I

    Seller Co-Listing Agent in 2024

    Ian Maddox

    Myunits.com Inc.

    (818) 859-7242

    21 in this area

    75 Total Sales

    Ian Maddox
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB23213385

California Regional Multiple Listing Service (CRMLS)

APN: 2416-011-005

California Los Angeles County North Hollywood 91601 North Hollywood

5327 Riverton Ave, North Hollywood, CA

This home is located at 5327 Riverton Ave, North Hollywood, CA 91601 since 20 November 2023 and is currently estimated at $1,479,112, approximately $747 per square foot. 5327 Riverton Ave is a home located in Los Angeles County with nearby schools including Lankershim Elementary School, Walter Reed Middle, and East Valley Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. 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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