5321 Satsuma Ave, North Hollywood, CA 91601
List Price: $2,999,000
On market
On marketMar 8, 20251,269 sqft3 beds0 baths
Listed by: Damoon Ryan
License #: 01889504
Phone #: 310-770-3344
The Ryans Estates Group Inc.
Source:
MLS #: 25508835
Property Description
Shovel ready DOUBLE LOT development opportunity in North Hollywood with all plans and approvals in place. Current plans call for 34,700 SqFt, 6 story building with 30 large units, including 6 future ADU conversions after C of O. Including the future ADUs there are 15 three bedroom units, 10 two bedroom units, and 5 one bedroom units. 3 units are to be Extremely Low Income. No subterranean, parking for 18+ cars is on the ground level. Buyer needs to record the low income covenant in their name to clear housing, pay some fees, and pull permit. MEP are RTI. Alternatively, buyer can go for fully affordable development and build 100+ units. Tenants are month to month and would move out with 30 day notice. Addresses are 5317 and 5321 Satsuma Ave. APNs are 2416-007-022 and 2416-007-023. Plans and approvals are available upon request.
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Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
-$12,336
TurboHome Estimated Value
$1,088,300
$858 sqft
High Valuation
$1,142,715
$900/sqft
Normal Valuation
$1,088,300
$858/sqft
Low Valuation
$1,033,885
$815/sqft
3rd Party Estimates
| Source | $/sqft | Valuation |
|---|---|---|
| HouseCanary | $858/sqft | $1,088,300 |
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Role: TurboHome Head Agent
Experience: 10 years
No. of Transactions: 227
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Neighborhood: Valley Village
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Comparative Value
$841K
$1.41M
$3.00M
10444 Califa St, North Hollywood, CA 91601
Sale Price: $841,000
Selected Comparable
10760 Sarah St, North Hollywood, CA 91602
Sale Price: $850,000
Selected Comparable
5855 Riverton Ave, North Hollywood, CA 91601
Sale Price: $950,000
Selected Comparable
10417 Chandler Blvd, North Hollywood, CA 91601
Sale Price: $1,000,000
Selected Comparable
5120 Willowcrest Ave, North Hollywood, CA 91601
Sale Price: $1,410,000
Selected Comparable
5321 Satsuma Ave, North Hollywood, CA 91601
List Price: $2,999,000
Subject Property
Neighborhood Comps
Subject Property
SUBJECT5321 Satsuma Ave, North Hollywood, CA 91601
List: $2,999,000
Listed: 3/8/2025
Area:1,269 sqft
Price/sqft:$2,363
Beds:3
Baths:—
Year Built:—
Lot Size:5,400
Comparable Properties
COMPARABLEChoose comps
10760 Sarah St, North Hollywood, CA 91602
Sale: $850,000
2/13/2025 • 0.96 mi
Area:1,041 sqft
Price/sqft:$817
Beds:3
Baths:1
Year Built:—
Weight:22.0%
10444 Califa St, North Hollywood, CA 91601
Sale: $841,000
4/1/2025 • 0.82 mi
Area:991 sqft
Price/sqft:$849
Beds:3
Baths:1
Year Built:—
Weight:21.9%
5120 Willowcrest Ave, North Hollywood, CA 91601
Sale: $1,410,000
1/17/2025 • 0.41 mi
Area:1,739 sqft
Price/sqft:$811
Beds:3
Baths:1
Year Built:—
Weight:19.8%
10417 Chandler Blvd, North Hollywood, CA 91601
Sale: $1,000,000
4/4/2025 • 0.62 mi
Area:1,064 sqft
Price/sqft:$940
Beds:2
Baths:1
Year Built:—
Weight:18.2%
5855 Riverton Ave, North Hollywood, CA 91601
Sale: $950,000
4/4/2025 • 0.68 mi
Area:1,057 sqft
Price/sqft:$899
Beds:2
Baths:1
Year Built:—
Weight:18.1%
Subject Property
SUBJECT| Image | Address | List Price | sqft | Price/sqft | Lot Size | Distance | List Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5321 Satsuma Ave, North Hollywood, CA 91601 | $2,999,000 | 1,269 | $2,363 | 5,400 | — | 3/8/2025 | 3 | — | — | — |
Comparable Properties
COMPARABLEChoose comps
| Image | Address | Sale Price | sqft | Price/sqft | Lot Size | Distance | Sale Date | Beds | Baths | Year Built | Weight |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10760 Sarah St, North Hollywood, CA 91602 | $850,000 | 1,041 | $817 | 5,002 | 0.96 mi | 2/13/2025 | 3 | 1 | — | 22.0% | |
| 10444 Califa St, North Hollywood, CA 91601 | $841,000 | 991 | $849 | 6,079 | 0.82 mi | 4/1/2025 | 3 | 1 | — | 21.9% | |
| 5120 Willowcrest Ave, North Hollywood, CA 91601 | $1,410,000 | 1,739 | $811 | 8,001 | 0.41 mi | 1/17/2025 | 3 | 1 | — | 19.8% | |
| 10417 Chandler Blvd, North Hollywood, CA 91601 | $1,000,000 | 1,064 | $940 | 4,863 | 0.62 mi | 4/4/2025 | 2 | 1 | — | 18.2% | |
| 5855 Riverton Ave, North Hollywood, CA 91601 | $950,000 | 1,057 | $899 | 6,248 | 0.68 mi | 4/4/2025 | 2 | 1 | — | 18.1% |
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