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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

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    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.
    (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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