We are pleased to present an affordable housing development opportunity at 12801 Barbara Ann St. Located just south of Sherman Way in the Valley Glen neighborhood of North Hollywood. The 9,433 SF lot will be delivered fully entitled for 45 income-restricted housing units with no parking required. The project's central Valley location and proximity to major employment hubs and the Hollywood Burbank Airport are prime for a high velocity workforce housing lease up strategy, allowing a mission driven developer the opportunity to support the missing middle segment given the project's discount to surrounding market rents. Plans call for an efficient five story project, utilizing an all-wood Type IIIA construction. The lot currently consists of a single-family residence that will be delivered vacant at the close of escrow, allowing a developer to break ground immediately. The finished project totals 28,774 SF and has a desirable unit mix of one single (386 SF), 43 one-bedrooms (434-455 SF), and one three-bedroom (903 SF), allowing a developer to collect rents above $5 per SF. The lot is offered at a low $40,000 per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. The project also offers the unique opportunity to purchase an ED-1 project in a qualified opportunity zone, taking advantage of potential tax benefits including potential elimination of capital gains tax, greatly enhancing project returns. The project is located just west of the 170 Freeway accessible via Sherman Way and provides convenient access to most major neighborhoods throughout the Valley. The central location allows for an easy commute to nearby neighborhoods such as Sherman Oaks, Studio City, Panorama City, and Sun Valley, among others; the site is also walking distance to three metro local line bus stops on Sherman Way. Located in a densely populated, infill submarket of Los Angeles, the project benefits from retail amenities along Sherman Way & Coldwater Canyon Ave. The project is in close proximity to schools within a half mile, including James Madison Middle School and Coldwater Canyon Ave Elementary School.
Great Redevelopment opportunity in North Hollywood, CA - located at 12040 W Stagg St., currently zoned (T)R3-1-CUGU and consisting of 8,936 square feet. This single-parcel, corner lot is just one block east of Laurel Canyon Boulevard. Redevelopment Opportunities: This site offers multiple redevelopment options, providing flexibility for investors and developers:1. By-Right Development: Build up to 11 units in a 4-story structure(limited to 45 feet in height) without the need for any entitlements.2. State Density Bonus Program (AB1287): Take advantage of the state's density bonus, allowing for a 100% increase in density resulting in up to 24 units in a 5-story structure.3. 100% Affordable Housing: Pursue a 100% affordable project utilizing either the State Density Bonus or the LA City ED1 programs, potentially unlocking additional benefits and incentives for affordable housing development. The current ownership has preliminary plans for a new 11,974 SF multifamily building spanning four stories. The proposed unit mix includes: (7) one-bedroom, one-bathroom units (4) two-bedroom, one-bathroom units ADU unit (Accessory Dwelling Unit) Current Tenancy: The property is currently occupied by a tenant on a month-to-month lease.
Redevelopment opportunity in North Hollywood, California. This project features two stories of on-grade parking (Type I-A) and five residential stories (Type III-A). Located in an Opportunity Zone, the project is approved for 36 apartment units with an excellent mix of 20 two-bedroom/two-bath units and 16 one-bedroom/one-bath units, along with 27 parking stalls. The project will be delivered RTI (Ready to Issue) prior to the close of escrow. • 36-Unit Redevelopment in North Hollywood • Will be delivered RTI (Ready to Issue) • Type III-A (Apartments) & Type I-A (Parking Garage) • 27 Parking Stalls • Opportunity Zone • 20 two-bedroom units and 16 one-bedroom units • Net Rentable: 27,731 square feet • Total Building Envelope: 34,317 square feet • Located just north of Burbank Blvd. and west of Vineland Ave. • Easy access to the 170, 101 and 134 Freeways as well as Interstate 5
Sitting on a shovel ready Tier 3 TOC opportunity zone lot, 5640 Case Ave offers the opportunity to build 6 units with 3 bedrooms each, totaling 6,794 sqft on a 6,002 sqft lot. RTI plans include 4 units to be built plus 1 ADU with an additional ADU to potentially be built after construction. Enjoy the opportunity to build in one of the most trendy neighborhoods, the NoHo Arts District.
Almost ready to issue permits. Please refer to the attached supplement for the most current project approvals.– approximately 10,803 SF Lot with Approved Plans for 22 plus 5 recreation units for ADU development This prime 10,805 square foot property (0.248 acres) is located in North Hollywood, offering approximately 80 feet of frontage along North Riverton Avenue and a depth of about 135 feet. Currently improved with two residential buildings and a garage/storage structure. Zoned R3-1VL, TIER 3, the site is within a designated State Enterprise Zone, providing potential incentives for development. The approved project plans call for the construction of a 22-unit residential building, plus 5 recreation units for ADU development, one in each floor, with a total building height of 56 feet. The project will feature five residential levels above one subterranean parking level, comprising approximately 29,801 gross livable square feet of space with a Floor Area Ratio (FAR) of 4.3:1. The mix of units will include 3 one-bedroom units, 17 two-bedroom units, and 2 three-bedroom units, along with 23 on-site parking spaces. This property offers an exciting opportunity for a developer looking to capitalize on the growing North Hollywood market, with an approved plan for high-density residential development in a prime location.
Selling two burial ground spaces next to each other in beautifully maintained Pierce Brothers Valhalla Memorial Park and Mortuary in North Hollywood, California.Located in peaceful URARTU Section these burial plots offer a tranquil final resting place for loved ones. Surrounded by lush greenery ,monuments of Urartu symbols and well kept grounds, the plots are situated in a peaceful area , ensuring privacy and calm. Each plot as an added bonus include cement vaults, which can be quite high in price when purchased separately. The cemetery grounds are flat and very comfortable to visit for anyone .Each lot measures 40 by 90 sq feet. Very friendly office staff and convenient parking. With easy access to nearby pathways these plots provide a perfect setting for reflection and remembrance. Don't miss this rare opportunity to secure two available spaces in one of North Hollywood's most sought-after cemeteries. Transferable ownership with all paperwork is in order. Location : URARTU section 2.
>>>> $100,000 FINAL PERMITS IS ALREADY PAID!!!!!!!!!!! Incredible opportunity to acquire a FULLY APPROVED "RTi" 5 unit + ADU project on almost 8,200sf of land zoned for multifamily. Plans are available to view. Optional 2 additional units can be added per architect (buyer to verify all information). Other multifamily projects available. Please call or text the team at 818-873-3863 Disclosure: Listing agent has an ownership interest in the property.
Located at 11618 Victory Blvd, this single-family home is ready for demolition, less than a month away from RTI (Ready to Issue) permit, to build a 5-unit complex. Set in an area surrounded by high-demand apartment complexes, this project is perfect for investors looking to capitalize on the growing need for quality rental units. Each of the 5 units features 2 bedrooms, 2 bathrooms, and 1,200 sq. ft. of living space, with two units on the first floor and three on the second floor. With new construction properties commanding premium rents, this project offers a unique opportunity to build and hold for your portfolio, providing strong long-term cash flow or whether you're an experienced developer looking to flip for a significant return, the possibilities are endless. The heavy lifting has already been done – plans are less than a month away from approval! Prior to opening escrow, RTI plans will be presented. Close escrow and start the demolition right away. Take advantage of this rare chance to develop in a high-demand area with major upside potential. This is the investment opportunity you've been waiting for!
This is a standout development opportunity in the vibrant heart of Toluca Lake! This nearly 7,000 is zoned LARD 1.5 and offers an incredible chance to build multiple units. Conveniently located on the west side of an alley, it also provides easy parking access. The location is unbeatable, surrounded by lush recreational parks, ideal for outdoor enthusiasts. Plus, you're just minutes away from shopping, dining, transportation hubs, the studios, and the bustling NOHO West development. This prime spot combines urban convenience with the tranquility of green spaces, making it a rare gem in Toluca Lake!
BOM! Previously sold with multiple bids! Run, don't walk! Great North Hollywood Arts District property south of Magnolia. This unique offering includes two lots stretching from street to street, Riverton to Denny. Both properties feature existing units, providing immediate rental income potential. There's also significant opportunity to build up and expand, making it an ideal investment for developers and investors looking to capitalize on the area's growth. Own a piece of the vibrant NoHo Arts District and explore the endless possibilities. Based on the LARD1.5 zoning, it looks like it is zoned for 12+ units. Please check with the city.
6729 Babcock Ave, North Hollywood, CA 91606 is a vacant land home with size of 6224 sqft. Great Opportunity for all Investors and Developers. Rare opportunity awaits you in North Hollywood. This Property is being sold as-is land value. Sale includes a design and construction drawings for approval of 2,800 sqft home, 2 story, plus 2 car garage. Buyer(s) is/are to obtain permits. Sellers will provide current architect team info with the sale to continue.
North Hollywood is located in California.
