$1,450,000

12012 Hart Street, North Hollywood (los Angeles), CA 91605

7,013 sqft

Land
Built in ——
6,970sqft lot
—— car garage
$207/sqft
Listed 1 month ago

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.

Listing Status:: Active
Date Added:: October 5, 2025 at 05:00AM
Listing Office:: The Agency : 424-230-3700
Listing Agent:: Amir Jawaherian : 818-561-1600
MLS ID:: CL25601767

County: Los Angeles

Zoning: LAR32321011003
View: None

This listing courtesy of Amir Jawaherian, The Agency

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Bellingham Elementary

6728 Bellingham Ave, North Hollywood, CA, 91606

Grades KG-5

0.36 miles away

Roy Romer Middle School

6501 Laurel Canyon Blvd, North Hollywood, CA, 91606

Grades 6-8

0.55 miles away

Charles Leroy Lowman Special Education and Career Transition Center

12827 Saticoy St, North Hollywood, CA, 91605

Grades KG-12

1.20 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.