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12012 Hart St North Hollywood, CA 91605

For Sale
$1,450,000

LAND - North Hollywood, CA

Lot size:
0.16 Acres
Days on Market:
59
Last Refresh:
Dec 10 at 3:06 pm

Property Features for 12012 Hart St

General Information

Special listing conditions
Standard
Property type
Land
Property subtype
Other
TransactionType
Standard
Standard status
Active
Zoning
LAR3
APN
2321-011-003
Lot size
0.16 Acres

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

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

Listing date Oct 13, 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

Ready-to-Build Affordable Housing Project

This property presents a ready-to-build, 22-unit, 100% affordable housing project in North Hollywood. The project is fully RTI, offering a turnkey development opportunity with no entitlement risk. Approved plans include 19 one-bedroom units and 3 studio units. The total project cost is estimated at $6.05 million, with a projected stabilized value of $8.66 million at a 5% cap rate, yielding an estimated 7.2% return on cost. The property is situated in a prime infill location near the NoHo Arts District, NoHo West, and major studios. The 0.161-acre lot is located in North Hollywood, CA. The property's location benefits from high rental demand, and the potential for property-tax exemption through nonprofit partnership enhances its appeal for builders and investors seeking immediate project readiness and strong long-term value.
Property Profile Location Intelligence

Current Use by Public Records

Residential land & home ...

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

FAQs

What type of property is this?
Residential land & home lot - 22-unit affordable housing project in North Hollywood, fully RTI.
Where is this residential land & home lot 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 RTI (Ready-To-Issue) and approved for immediate construction of a 22-unit affordable housing project, eliminating entitlement risk.; - Projected 7.2% return on cost with an estimated stabilized value of $8.66M at a 5% cap rate.; - Prime infill location in North Hollywood, near NoHo Arts District, NoHo West, and major studios.
More about this property
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