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    12012 Hart St North Hollywood, CA 91605

    For Sale
    $1,450,000

    MULTI_FAMILY - North Hollywood, CA

    Property size:
    15,935 SF
    Lot size:
    0.16 Acres
    Days on Market:
    58
    Last Refresh:
    Dec 8 at 1:06 am

    Property Features for 12012 Hart St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    LAR3
    Rooms
    Bedroom 8, Bedroom 10, Bedroom 21, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 18, Bathroom 2, Bedroom 17, Bedroom 13, Bathroom 16, Bathroom 10, Bedroom 6, Bedroom 15, Bathroom 3, Bedroom 9, Bathroom 13, Bathroom 7, Bathroom 19, Bedroom 22, Bedroom 20, Bathroom 8, Bathroom 22, Bathroom 11, Bedroom 12, Bedroom 16, Bathroom 18, Bedroom 7, Bedroom 4, Bathroom 21, Bedroom 19, Bathroom 20, Bathroom 5, Bathroom 15, Bedroom 14, Bedroom 2, Bedroom 11, Bathroom 1, Bedroom 5, Bathroom 12, Bathroom 14, Bedroom 3, Bathroom 17, Bathroom 9
    Bedrooms
    22
    Bathrooms
    22
    APN
    2321-011-003
    Size
    15,935 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1926
    Floors in Building
    4
    Number of units
    22

    The Agency (424) 230-3700 [email protected]

    Listing agent Amir Jawaherian (424) 230-3700 License #01899893

    Listing date Oct 12, 2025

    Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    RTI Development Opportunity, North Hollywood

    This property presents an RTI (Ready-To-Issue) development opportunity situated in North Hollywood. It is a fully entitled 22-unit affordable housing project, comprising 19 one-bedroom units and 3 studio units, all designated as 100% affordable. The property is ready for construction, eliminating entitlement delays. Its location is near the NoHo Arts District, NoHo West, Universal, Warner Bros., and Disney, with convenient access to the Metro Red & G Line. The estimated project cost is $6.05 million, with a stabilized value of $8.66 million. The property is located on a lot with a size of 0.161 acres. The property size is 15935 Square Feet. The zoning is LAR3. The location benefits from excellent demographics and strong rental demand. Potential property-tax benefits may be available through a nonprofit partnership, positioning this as a turnkey investment in one of the Valley's growing markets.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.394849
    Latitude
    34.197278

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    FAQs

    What type of property is this?
    Apartment building - Entitled 22-unit affordable housing project in prime North Hollywood location.
    Where is this apartment building located?
    The property is located at 12012 Hart St North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Fully Entitled 22-Unit Affordable Housing Project: Ready to build.; - High-Demand Location: In the heart of North Hollywood, near the NoHo Arts District, Universal, Warner Bros, and Disney.; - Strong Investment Potential: Estimated stabilized value of $8.66M with a project cost of $6.05M.
    (424) 230-3700
    Request Owner's contact information
    12012 Hart St North Hollywood, CA 91605
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    North Hollywood, CA 91605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12012 Hart St North Hollywood, CA 91605
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