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0.16 Acres of Residential Land for Sale in North Hollywood, California
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Residential Land for Sale in North Hollywood, California

12012 Hart St, North Hollywood, CA 91605

$1,450,000
0.16 acres
Active
Est $7,963/mo

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.

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Sq feet

Location

Street address
12012 Hart St
County
Los Angeles County
Community
North Hollywood
Elevation
734 feet
Coordinates
34.1973, -118.3948
Land for sale in California

Property details

Lot size
0.161 acres7,013 sq ft
Zoning
LAR3
MLS #
CLAW 25601767
Posted

Parcels

  • 2321-011-003

Listing history

DateEventPriceChangeSource
Oct 5, 2025New listing$1,450,000—CLAW
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This 0.161-acre property is located at 12012 Hart St in North Hollywood, CA 91605. The property is available for sale for $1,450,000. It has a structure.

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