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5142 Riverton Avenue

North Hollywood, CA 91601

– beds
– baths
– sqft
6,432 sqft lot
2022 build
– on site

More homes

5142 Riverton Ave is a rare, non-rent controlled new construction fourplex in prime Toluca Lake Adj. that is ready to close ASAP: a dream come true for 1031 exchange buyers! This sleek, easy to manage fourplex is made up of two tri-level duplexes containing a premium unit mix of two 4 bedroom, 3 bathroom units and two 3 bedroom, 3 bathroom units. The rear units will come equipped with fully enclosed, private yards, a feature that draws a major premium! Additionally, the property boasts an unheard of 10 PARKING spaces- 6 of which are in private 2-car garages (a major bonus for renters). We project an exceptional cap rate of 4.7%, which is hard to come by in this A+ location near celebrity-studded Toluca Lake. Other notable perks include: stainless steel kitchen appliances, a huge front yard, upscale modern kitchens, high quality finishes, extremely spacious floorplans, separate meters for gas, water & electric, a 1-year builder’s warranty, little to no maintenance, and extreme desirability amongst renters. A trophy property in an unbeatable location with a huge return– that is a true recipe for success! With SB-8 in effect, we expect less fourplexes will be built, making properties like this an even more rare and hot commodity. Now is the time to add one of these amazing properties to your portfolio before they’re all gone!

Listed By CRMLS_CA / Elizabeth Maddox / The 2-4 Unit Specialists

Last checked: Checking… • Last updated Mar 21, 2023 •

MLS# BB22046897 —

The Building

Year Built:

2022
Year Built Source:

Builder
New Construction:

Yes
Architectural Style:

Modern
Roof:

Flat
Entry Level:

1
Accessibility Features:

None
Common Walls:

1 Common Wall
Number With Patio:

2
Building Area Total:

5684.00
Building Area Units:

Square Feet
# of Buildings:

2
Green Verification:

1
Total Number Of Units:

4
Stories Total:

3
# of Separate Gas Meters:

4
# of Separate Water Meters:

4
# of Separate Electric Meters:

4

Interior

Levels:

One, Three Or More
Entry Location:

1
Flooring:

Vinyl
Room Type:

Kitchen
Fireplace:

No
Fireplace:

None
Laundry:

Gas & Electric Dryer Hookup, Washer Hookup
Laundry:

1

Location

Directions:

Located on Riverton between Camarillo and Magnolia
Latitude:

34.16387600
Longitude:

-118.36557700

The Property

Property Type:

Residential Income
Property Condition:

Turnkey
Zoning:

LARD1.5
Lot Features:

Back Yard, Front Yard, Landscaped, Level with Street, Rectangular Lot, Level, Near Public Transit, Sprinklers Drip System
Lot Size Area:

6432.0000
Lot Size Acres:

0.1477
Lot Size SqFt:

6432.00
Lot Size Source:

Assessor
Fencing:

Excellent Condition, New Condition
Fence:

Yes
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

1255.01
Tax Area:

42
Tax Tract:

5473
Tax Lot:

43
Tax Annual Amount:

39945.00

The Listing

Buyer's Brokerage Compensation:

2.000%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2
Parcel Number:

2419009014
Showings Begin:

2022-03-16

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Utilities:

None
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Dishwasher, Gas Oven, Microwave
Included:

Yes

The Community

Senior Community:

No
Features:

Curbs, Sidewalks, Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking Spaces:

10.00
Garage Spaces:

6.00
Uncovered Spaces:

4.00

Extra Units

Average 3 Bed Area:

1334
Number With Disposal:

4
Number With Dishwasher:

4
Number With Refrigerator:

4

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Sale history

Date	Event	Source	Price	% Change
6/9/22 Jun 9, 2022	Sold	CRMLS_CA	$3,450,000
3/29/22 Mar 29, 2022	Pending	CRMLS_CA	$3,450,000	1.5%
3/16/22 Mar 16, 2022	Listed / Active	CRMLS_CA	$3,399,000	647.0% (71.2% / YR)

Multifamily Sold on 6/9/2022

$3,450,000

Listing provided by broker:

Elizabeth Maddox

The 2-4 Unit Specialists

Newest listings in Los Angeles, CA

Similar sold homes

Listing Courtesy of: CRMLS_CA and The 2-4 Unit Specialists. Based on information from California Regional Multiple Listing Service, Inc. as of 10:34 on Apr 19.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

5142 Riverton Avenue

North Hollywood, CA 91601