6833 Simpson Avenue, North Hollywood (los Angeles), CA 91605

A near-RTI development opportunity in the heart of North Hollywood. Situated on a 7,905 square foot LARD1.5-zoned lot with generous dimensions of 131.75 feet by 60 feet, the property currently features a vacant duplex (2+1, 1+1) and is in the final stages of approval for a 52-unit affordable housing development. The project has already secured Zoning (RD1.5), Fire Department, DAS and PZA approvals. Planning Department, Building & Safety and LID review are pending making it an almost RTI opportunity ideal for developers seeking a near-immediate path to construction. In addition to the nearly approved affordable housing plan, the property also qualifies for alternative development options under current zoning, including nine market-rate apartment units with parking, or seven townhomes plus two ADUs also with parking (Buyer to verify). A new owner also has the option to renovate and rent the existing vacant duplex as an income producing rental property. This flexibility allows investors … read more …