Pleased to present 5254 Riverton Avenue, A rare RTI development opportunity in the highly desirable North Hollywood's Arts District.
The property consists of an 8,109 SF flat LAR3 lot (Tier 3 TOC) with 60’ frontage and 135’ depth. SB-8 exempt.
Approved plans for a 4-story, 16,491 Rentable SF apartment building featuring:
• 7 one-bedroom / one-bath units (725–825 SF)
• 7 large one-bedroom / two-bath units (approx. 970 SF)
• 1 large two-bedroom / two-bath unit (approx. 1,000 SF)
Unit layouts allow potential conversion of open areas into additional bedroom/den space, enhancing rental upside. Plans include 17 on-site parking spaces.
Ownership will deliver with permits ready to issue upon payment of fees — true shovel-ready opportunity.
Prime walkable location near retail, dining, and entertainment. Easy access to 101 & 134 Freeways and the nearby Universal/Studio City station with direct service to Downtown Los Angeles.
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The income description goes here to explain
| List Price | $2,200,000 |
| Property Type | Lots/Land |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 0 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 2416024002 |
| MLS # | GD26036124 |
| Property ID | 322604220 |
| Lot Sqft | 8,112 |
| Zoning | LAR-3 |
| Days on Market | 11 |
| Original List Price | $2,200,000 |
| Date Updated | February 19, 2026 |
| Date Created | February 16, 2026 |
Vahik Beglarian an agent of . Lic #00941552
© 2026 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of February 19, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT