12012 Hart Street, North Hollywood, CA 91605
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
12012 Hart Street,North Hollywood (los Angeles), CA 91605
$1,450,000
- 0.16 Acres
- Lots / Land
- Active
Listed by: amir jawaherian
Office: the agency
MLS#:CL25601767
Source:CA_BRIDGEMLS
Price summary
- Price:$1,450,000
About this home
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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Home facts
- Listing ID #:CL25601767
- Added:48 day(s) ago
- Updated:November 21, 2025 at 04:55 PM
Structure and exterior
- Lot area:0.16 Acres
Finances and disclosures
- Price:$1,450,000
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