Courtesy of: Amir Jawaherian, The Agency, amir@theagencyre.com
Courtesy of: Amir Jawaherian, The Agency, amir@theagencyre.com
$1,450,000
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Lot: 0.16 Acres
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Other
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$1,450,000
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.
Courtesy of: Amir Jawaherian, The Agency, amir@theagencyre.com
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