Description

Rare opportunity to acquire a large 31,730 SF R3-zoned development parcel in North Hollywood, offering significant density potential and long-term upside in a well-established Valley submarket. Ideal for developers and investors seeking scale, zoning flexibility, and proximity to transit, the property is strategically located near the NoHo Arts District and the North Hollywood station (B & G Lines), with convenient access to major employment hubs and regional freeways. The site is being offered at land value, while still providing interim rental income during the entitlement process. Built in 1955, the property consists of eight units totaling 5,224 rentable square feet, including (2) studios, (2) one-bedroom/one-bath units, (3) two-bedroom/one-bath units, and (1) three-bedroom/two-bath unit. The single-family residence and the three-bedroom unit will be delivered vacant. North Hollywood continues to evolve as a vibrant, pedestrian-oriented neighborhood known for its theaters, galleries, cafes, and entertainment venues. With strong public transit access, connectivity to the 101, 170, and 134 freeways, and a major $1 billion mixed-use redevelopment underway at Lankershim and Chandler, the area demonstrates sustained growth momentum. Combined with the expanding Arts District, this offering represents a compelling investment opportunity in one of the Valley’s most dynamic locations.