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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.
Last Updated | 10/5/2025 | Year Built | 0 |
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Community | NHO - North Hollywood | County | Los Angeles |
Additional Details
AREA | NHO - North Hollywood |
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LOT | 7013 sq ft |
VIEW DESCRIPTION | None |
Location
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