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Search Brokers - Vahik Beglarian
Hallmark Realty
Glendale, California
Vahik Beglarian is a land and rural real estate professional with Hallmark Realty based in Glendale, California, listed on Land Broker MLS, the broker-owned co-op for farms, ranches and land for sale. Use the contact form on this page to get in touch about buying or selling rural property.
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$2,200,000
0.19 Acres
North Hollywood, California, 91601
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.