12012 Hart St

12012 Hart St, North Hollywood, CA 91605

$1,450,000

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.

7,013 Sq.Ft. lot

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Thank you for your interest in 12012 Hart St, North Hollywood, CA 91605. We are reviewing your request and will be in touch shortly!

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Amir Jawaherian

title Realtor®
PHONE (818) 561-1600
EMAIL [email protected]
DRE # 01899893

Features & Amenities

Area & Lot

Status For Sale
Lot Area7,013 Sq.Ft.
MLS® ID25601767
TypeLand
View DescriptionNone

Financial

Sales Price$1,450,000
Zoning LAR3

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Amir passionately searches for exactly what his clients are seeking, delving into off-market and investment properties to create their ideal home. As a trusted advisor, Amir guides his clients on understanding the future potential and how to extract the highest profit possible.

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