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$ 950,000
Est. payment | /mo
2 Beds
1 Bath
1,418 SqFt
$ 950,000
Est. payment | /mo
2 Beds
1 Bath
1,418 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,418 sqft
Price per Sqft $669
MLS Listing ID CL26658043
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1939
Lot Size 8,254 Sqft
Acres 0.1895
Property Sub-Type Single Family Residence
Property Description
We are pleased to present for sale an exceptional development opportunity located in the heart of North Hollywood. Situated on a flat 8,252 sq ft lot with generous 75 ft x 110 ft dimensions, this property offers outstanding development potential under RD1.5 zoning. Offered at an attractive land value of approximately $115 per square foot, this site presents compelling economics for builders and investors seeking density in a high-demand rental market. By-right potential for a 5-unit project, plus the ability to add 2 ADUs (buyer to verify), making this an ideal site for investors and builders looking to maximize density in a high-demand rental market. Owner-occupied property is expected to clear SB 8 guidelines (homeowner's exemption on property tax bills), presenting a streamlined path for redevelopment. The flat topography further enhances construction feasibility and cost efficiency. Strategically located just minutes from Burbank, the vibrant NoHo Arts District, major studios, transportation corridors, dining, and retail amenities. Whether you're looking to build and hold or develop for resale, this is a rare opportunity to secure a sizable, well-located lot with strong upside potential in one of the Valley's most active growth corridors. Buyer to conduct their own due diligence regarding zoning, density, SB 8 applicability, and development standards. Contact listing agent for more details!
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplaces Type None
Fireplace No
Exterior
Pool None
View Y/N false
View None
Private Pool false
Building
Story 1
Architectural Style See Remarks
Level or Stories One Story
New Construction No
Others
Tax ID 2414019021
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Listed by Daniel Shamooelian • Keller Williams Beverly Hills
Nearby Locations
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Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com