Overview
Property ID: HZ25601767
- 0
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.
Address
Open on Google Maps- Address Hart
- City North Hollywood
- State/county Los Angeles
- Zip/Postal Code 91605
Details
Updated on October 13, 2025 at 10:07 am- Property ID: HZ25601767
- Price: $1,450,000
- Bathroom: 0
- Property Status: Land
- Listed by: Amir Jawaherian
- DRE #: 01899893
- Contact Mail: amir@theagencyre.com
- Brokered by: The Agency
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