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:95 day(s) ago
  • Updated:January 09, 2026 at 03:27 PM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,450,000

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