Millman Team Real Estate

$1,450,000
22 Bed
22 Bath
15,935 Sqft
0.16 Acre Lot

12012 Hart Street, North Hollywood, California 91605

  • Residential Income Property Type
  • 15,935 Sqft Square Footage
  • None Cars Garage
  • 1926 Year Built
Property Description

Incredible RTI development opportunity in the heart of North Hollywood. Fully entitled 22-unit affordable housing project featuring 19 one-bedroom and 3 studio units, all 100% affordable. Ready to build nowno entitlement delays. Ideally located near the NoHo Arts District, NoHo West, Universal, Warner Bros, and Disney, with Metro Red & G Line access. Estimated project cost $6.05M, stabilized value $8.66M. Excellent demographics, strong rental demand, and potential property-tax benefits via nonprofit partnership make this an outstanding turnkey investment in one of the Valley’s fastest-growing markets.

Basic Details
Residential Income
For Sale
25601625
$1,450,000
22
22
15,935 Sqft
1926
0.16 Acre
Active
Features
: Wall Furnace
: None
$0
Appliances
: Refrigerator
Address Map
CA
Los Angeles
North Hollywood
91605
Hart
12012
Street
Laurel Canyon Blvd to Hart St
NHO - North Hollywood
LAR3
Additional Information
$0
$0
$0
$0
$0
15935
: Three Or More
22
2025-10-04
4
Broker/Agent Information
The Agency
Amir Jawaherian
Listing Information
CLW-C105850
CLW-X79013
Active
2025-10-12T07:15:39Z
CRMLS
: Standard
2025-10-04T00:00:00Z
Agent info
Ray Millman
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