Rare North Hollywood Opportunity. Last time sold was 1974! Located just north of Camarillo Street and east of Vineland Avenue, this 7,703 sqft LAR3-zoned lot presents a truly unique opportunity in one of the Valley's most desirable areas. The value here is not only in the land, two well-maintained homes with abundant original charm already occupy the property, offering a range of possibilities for investors, developers, or owner-users. The main house features 2 bedrooms and 1 bath, while the back house offers 1 bedroom, 1 bath, and a full kitchen, together totaling 2,008 sqft of living space. Many original architectural details remain, providing a perfect canvas for restoration. Live in one home and rent the other, create an income-generating duplex, or take advantage of the LAR3 zoning for a larger development project. With its central location, this property is close to shopping, dining, entertainment, and easy freeway access, making it an attractive investment for a variety of uses.