4
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$1,450,000
Est. payment /mo
7,013 Sqft Lot
Active
12012 Hart St North Hollywood, CA 91605
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25601767
Lot Size 7,013 Sqft
Acres 0.161
Property Description
Fully RTI and ready to build, this 22-unit 100% affordable housing project in North Hollywood offers a rare turnkey development with no entitlement risk. Approved plans feature 19 one-bedroom and 3 studio units. Total project cost $6.05M with an estimated stabilized value $8.66M at a 5% cap rate, yielding a projected 7.2% return on cost. Prime infill location near NoHo Arts District, NoHo West, and major studios. High rental demand and potential property-tax exemption through nonprofit partnership make this a compelling opportunity for builders and investors seeking immediate project readiness and strong long-term value.
Location
State CA
County Los Angeles
Area North Hollywood
Zoning LAR3
Exterior
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