12012 Hart Street, North Hollywood, CA 91605

Local realty services provided by:ERA Excel Realty
12012 Hart Street,North Hollywood, CA 91605
$1,450,000
  • 0.16 Acres
  • Lots / Land
  • Active
Listed by: amir jawaherian
Office: the agency
MLS#:25601767
Source:CRMLS

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 #:25601767
  • Added:93 day(s) ago
  • Updated:December 19, 2025 at 02:27 PM

Structure and exterior

  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$1,450,000
Based on information from California Regional Multiple Listing Service, Inc. as of January 6, 2026 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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