12012 Hart

North Hollywood, CA, 91605

For Sale $1,450,000

0.16acre

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.

Listing agent:

Amir Jawaherian

License #01899893

The Agency

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12012 Hart is a Land property located in North Hollywood, California, featuring a 0.161 acre lot, MLS #25601767.

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Data last modified: 2025-10-13 07:13:43