$975,000
REDUCED! We are pleased to present a prime RTI Development Opportunity in North Hollywood. This corner lot property comes with approved plans to convert the existing duplex into a brand new 3-story triplex plus two detached ADUs, resulting in a five-unit project featuring an attractive unit mix of two 2-bedroom/2-bath units, one 3-bedroom/3-bath unit, and two 4-bedroom/3-bath units, totaling 8,174 sqft. Situated on a flat 7,065 SF RD2-zoned corner lot, the configuration allows for optimal design efficiency and site layout. The property is ideally located approximately one mile from the NOHO Arts District and the NOHO West Shopping Complex, offering convenient access to popular dining, shopping, entertainment, and transportation options. RTI plans are available upon request, allowing a buyer to move forward with development immediately. The completed project is projected to generate approximately $21,000 per month in gross rental income. The property currently consists of a tenant-occupied duplex. Contact listing agent for plans, reports, and additional details!

6041 Cleon Ave, North Hollywood
Listed by Aliza Tesar with Equity Union

5710 Vineland Ave, North Hollywood
Listed by Janet Muradian with Compass

5841 Tujunga Ave, North Hollywood
Listed by Brent Hawker with Brent Andrew Hawker Broker

6713 Saint Clair Ave, North Hollywood
Listed by Angelo Fierro with Compass

12806 Oxnard St, North Hollywood
Listed by Raffi Soualian with JohnHart Real Estate

11017 Hartsook St, North Hollywood
Listed by Gregory Shindler with Marcus & Millichap

5431 Cartwright, North Hollywood
Listed by MAY KUNKA with Compass

6614 Camellia Ave, North Hollywood
Listed by Haik Bokhchalian with JohnHart Real Estate