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$6,495,000
ACTIVE Status
Exceptional multifamily development opportunity in the heart of North Hollywood. This C-2 zoned property offers a prime infill location with convenient access to Studio City, Toluca Lake, major employment centers, dining, shopping, and transit. The site offers compelling development upside, with a prior concept illustrating potential for a 31-unit multifamily project. Whether advancing a similar multifamily concept or exploring an alternative development strategy, this is a rare opportunity to capitalize on one of Los Angeles' most sought-after infill locations and with C-2 zoning there are many possibilities. An outstanding opportunity for developers, investors, and builders seeking a well-located site in one of Los Angeles' most active multifamily markets. Buyer to independently verify all zoning, development potential, density, entitlements, permits, and applicable City of Los Angeles requirements.

11003 Moorpark St, Los Angeles

Courtesy of Douglas Elliman of California, Inc., Joshua Altman - CA DRE#01764587

$3,500,000
ACTIVE Status
Rare RTI 40-unit multifamily development opportunity in North Hollywood's vibrant NoHo Arts District. This 11,248 SF LA-R4-zoned lot at 5025 Klump Avenue represents a compelling redevelopment site in one of Los Angeles' most dynamic transit-oriented neighborhoods. Currently improved with a quadruplex, the property is ideally positioned for a visionary development capitalizing on North Hollywood's ongoing transformation. The site enjoys an enviable location mere steps from the North Hollywood Metro Station (B and G Lines), offering seamless access to Downtown Los Angeles, Hollywood, and the greater San Fernando Valley. Surrounded by the NoHo Arts District's renowned theaters, galleries, dining, and entertainment venues, the property benefits from the area's ongoing renaissance, including transformative projects such as District NoHo a major transit-oriented development directly at the Metro Station with 1,500+ planned residential units. Under LA-R4 zoning, which supports high-density residential development with potential enhancements through Transit Oriented Communities incentives, the site offers substantial upside for sophisticated investors and developers. The location capitalizes on North Hollywood's momentum as a thriving, transit-rich, and creative neighborhood with strong demand for new housing and mixed-use product. Walk Score of 92 (Walker's Paradise) underscores the neighborhood's exceptional pedestrian-oriented character and vibrant street life. The site is strategically positioned near Southern California's most influential employment centers, including Netflix, Paramount Pictures, Warner Bros., NBC Universal, and Disney, reinforcing robust residential demand. This offering presents a rare chance to contribute to North Hollywood's evolution while delivering a modern multifamily asset in a market characterized by strong rental demand, sustained appreciation, and long-term growth potential. This development site is ideally suited for institutional developers, REITs, and experienced multifamily operators seeking exposure to a premier transit-oriented Los Angeles submarket with compelling risk-adjusted return profiles.

5025 Klump Ave, North Hollywood

Courtesy of REMAX COMMERCIAL & INVESTMENT REALTY, Jacob Plewa - CA DRE#02041641

$1,449,000
ACTIVE Status
PRICE REDUCED! Only ~$30,000 per unit!! KW Commercial is proud to present an exceptional ready-to-issue (RTI) 45-unit, 100% affordable housing ED 1 development opportunity located in the heart of North Hollywood's vibrant NOHO Arts District! Situated on a 6,591 sq. ft. corner lot, this 5-story apartment project is thoughtfully designed for maximum efficiency and minimal construction complexity. The unit mix includes 2 two-bedroom units, 27 one-bedroom units, and 16 studios, offering approximately 19,925 sq. ft. of rentable space. Located less than half a mile from the NOHO Metro Red Line Station, residents will enjoy easy access to public transportation and the abundance of shopping, dining, and entertainment that make the NOHO Arts District one of Los Angeles' most desirable neighborhoods. With a Walk Score of 87 and a Bike Score of 74, the property promises high tenant demand and stable occupancy for years to come. This 100% affordable housing community includes: 2 units reserved for very low-income households ( 50% AMI), 34 units reserved for low-income households ( 80% AMI), 8 units reserved for moderate-income households ( 110% AMI), and 1 market-rate manager's unit. Rents for the very low-and moderate-income units follow HCD Schedule VI, while the low-income units align with TCAC Schedule IX. Additionally, the property's location is ideal for attracting Section 8 voucher tenants, potentially increasing rental income by up to 20% per unit. The proposed design features zero parking spaces, significantly reducing construction costs for developers. The site is currently improved with a vacant duplex, eliminating the need for tenant relocation and ensuring a smooth path to construction. Don't miss this rare opportunity to develop a fully affordable housing project in a high-demand Los Angeles neighborhood, all at an exceptional value of just under $30,000/per unit!! May be delivered as a vacant lot if desired. Contact the listing agent today for additional information or to request a full set of approved plans.

5444 Camellia Ave, North Hollywood

Courtesy of Keller Williams Beverly Hills, Daniel Shamooelian - CA DRE#01984269

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