Residential Land for Sale in North Hollywood, California

RTI DEVELOPMENT OPPORTUNITY! Your next investment awaits--This lot, located in the heart of North Hollywood, is a prime location for a multifamily asset. Currently on the lot stands a VACANT 1,561 SF 3-bedroom, 1-bathroom single family house and a 622 SF detached garage. Approved plans for the future development feature a total of 6 units comprising four 4-bedroom units, one 2-bedroom ADU, and one recreational room that is to be converted to a second 2-bedroom unit after C of O totaling 20 bedrooms, 16 bathrooms, and over 9,000 SF of building area. The 4-bedroom floor plans boast over 1,700 SF and will come with either 3 or 4 bathrooms; each will come with a private 2-car garage and a private rooftop deck. Located amidst the North Hollywood Arts District, LA Metro Bus and Train connection hubs, schools, parks, dining, and nightlife this community has all that city savvy renters are vying for.