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12012 Hart St
North Hollywood CA 91605 US

$1,450,000

Active Listing ID 25601767
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Lot: 0.16 Acres
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Other

$1,450,000

Active Listing ID 25601767
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12012 Hart St 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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Property Features

  • Facts
  • Lot Size: 0.16 Acres
  • Property Type: Land
  • Property Sub-type: Other

Property

  • propertytype: Land
  • propertysubtype: Other
  • listprice: 1450000
  • unparsedaddress: 12012 Hart St
  • postalcity: North Hollywood
  • stateorprovince: CA
  • country: US
  • postalcode: 91605
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.161
  • lotsizeunits: Acres
  • lotsizearea: 0.161
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Amir Jawaherian
  • listagentemail: amir@theagencyre.com
  • listagentkey: 3yd-CLAWCA-C105850
  • listagentmlsid: C105850
  • listagentpreferredphone: 4242303700
  • listagentofficephone: 4242303700
  • listofficekey: 3yd-CLAWCA-X79013
  • listofficemlsid: X79013
  • disclaimer: Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: CLAWCA
  • listingcontractdate: 2025-10-05
  • listagenturl: http://TheAgencyRE.com
  • countyorparish: Los Angeles
  • parcelnumber: 2321-011-003
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"The Agency", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"amir@theagencyre.com", "ListBrokerageCity":"Beverly Hills", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Info@TheAgencyRE.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/CLAWCA/6408f781512311e1957300219b994c72/20140220172331427.png", "ListBrokerageName":"The Agency", "ListBrokeragePhone":"(424) 230-3700", "ListBrokeragePostalCode":"90210", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 100", "ListBrokerageUnparsedAddress":"331 Foothill Rd.", "ListBrokerageWebsiteUrl":"http://TheAgencyRE.com", "ListOfficeAddress1":"331 Foothill Rd.", "ListOfficeAddress2":"#100", "ListOfficeBrokerMlsId":"C142864", "ListOfficeCity":"Beverly Hills", "ListOfficeCountry":"US", "ListOfficeEmail":"Info@TheAgencyRE.com", "ListOfficePostalCode":"90210", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Land - North Hollywood, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/12012-Hart-St_North-Hollywood_CA_91605_M17018-86485?f=listhub&s=CLAWCA&m=25601767&c=rexren", "MLSModificationTimestamp":"2025-10-05T06:06:59Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":null, "RawPropertyType":"Land", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/5/2025 3:01:29 PM GMT
Source Updated Date: 1/1/2026 6:43:43 PM GMT

Courtesy of: Amir Jawaherian, The Agency, amir@theagencyre.com

Copyright © 2025 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.