North Hollywood CA Real Estate & Land for Sale

We are pleased to present an affordable housing development opportunity at 11031-11035 Aqua Vista St, located in a prime North Hollywood neighborhood. The 13,236 SF double lot can be delivered fully entitled for 89 income-restricted housing units and qualifies for Tier 7 Section 8 rents. The project's prime location minutes from Studio City and Universal Studios offers immediate access to major employment centers, transit, and lifestyle amenities, making it ideal for a high-velocity lease up strategy. This presents a rare opportunity for a mission-driven developer to provide high-quality affordable housing in a market with strong demand and a significant supply gap. Plans call for a highly efficient five-story mid-rise building, utilizing Type IIIA construction to optimize cost-effectiveness. The completed project will span ~45,000 SF, featuring a well-balanced unit mix of nine Singles, 75 one-bedrooms, and five two-bedrooms. The site can be delivered RTI, allowing a developer to break ground immediately without entitlement risk. Please contact agents about pricing and to review plans.11031-11035 Aqua Vista St is located a half-mile from the Metro Red Line and walking distance to multiple Metro Local Line bus stops along Vineland Ave. Central location just off the 101 Freeway with a plethora of high-end amenities nearby such as Universal Studios, Lakeside Golf Club, and retailers along Ventura Blvd and Lankershim Blvd. Effective July 1st, 2025, updated rent schedules bring subsidized rents closer to market. Schedule 6 (Moderate 110% AMI) now allows up to $1,927 for studios, $2,202 for one-bedrooms, and $2,477 for two bedrooms. Schedule 9 (Low 80% AMI) permits $2,120 for studios,$2,272 for one-bedrooms, and $2,726 for two-bedrooms. These increases materially improve underwriting and support long-term valuation for fully restricted projects in strong rental submarkets. For developers pursuing maximum yield, Section 8 vouchers may even exceed current LAHD rent limits unlocking a potential path to higher stabilized income. HACLA has also actively encouraged voucher mobility into high-opportunity areas, further supporting this strategy.

We are pleased to offer for sale an exceptional RD 1.5 development site in the heart of North Hollywood. This approximately 8,010 sq ft lot presents a rare opportunity to build five units or townhomes by right, with no SB 8 restrictions - meaning no rent control, tenant relocation, or affordable housing requirements; SB 8 Clearance Letter already in hand = ZERO low income units will be required!!! Currently improved with a single-family residence, the property is ideal for a by right 5 unit project or may qualify as a strong candidate for a 100% affordable ED 1 project. Located just about one mile from "NOHO West" with convenient access to the 170 Freeway, public transit, shopping, dining, and more. The neighborhood is experiencing significant growth with numerous new developments nearby, underscoring the area's high rental demand. This is an excellent opportunity for builders or investors seeking a shovel-ready project in one of LA's most active submarkets. Property to be sold As-Is, for land value only. Buyer to independently verify all zoning and development potential with LADBS. Contact listing agent for more details!

Incredible development opportunity on a double lot in the very desirable North Hollywood submarket. The property has plans approved for a 28 unit TOC project, that can be built with or without parking. Property can also be used to keep the house and add ADUs or for a fully affordable ED1 project with 90+ units. Zoned R3, this property offers many redevelopment options and due to the proximity to public transport, does not require any parking. Property is NOT subject to LARSO.

19 Unit Development opportunity in North Hollywood CA. Property will delivered vacant and RTI ( Ready to Issue ) permits - you can begin construction right away. Flat lot on quiet street with newly constructed properties directly next door and across the street. 16 on grade parking stalls - no need for subterranean parking construction. It will be Type I-A construction. 4 floors above parking area will be Type - V-A 11 One bedrooms - large - averaging 850 sq ft 4 Two bedrooms - averaging 870 sq ft . 4 Three bedrooms - averaging 1290 sq ft . These units will be larger than most in the area with balconies and building has two rear open air deck areas and large pad for dog walk. This is a fantastic opportunity RTI under $2M . Please email or call agent for all info and plans

Studio City adjacent lot- Fantastic opportunity to build a multi unit building. Great opportunity for developers or investors looking to capitalize on this property's location. Seller states that they have approved plans for Multi Family Residence with Underground Garage 5,285 sq ft, Building Footprint 3,374 sq ft., First Floor Area 3,301 sq ft, Typical Floor Area 3,276 sq ft, Fourth Floor Area 3,185 sq ft, Unit 1= 758 sq ft Studio, Unit 2 = 1,628 sq. ft.(3 Bedrooms), Unit 3, 5 = 1,183 sq. ft.(2 Bedrooms), Unit 4, 6 = 1,701 sq. ft. (3 Bedrooms), Unit 7 = 1,025 sq. ft.(2 Bedrooms), Unit 8 = 1,507 sq. ft.(3 Bedrooms). Seller has demoslished the house that was on the property. Water, Electric and gas should all still be available. Don't miss this one.

>>>> $100,000 FINAL PERMITS IS ALREADY PAID!!!!!!!!!!!This got approved before SB8 was applied in 2022Incredible opportunity to acquire a FULLY APPROVED "RTi" 5 unit + ADU project on almost 8,200sf of land zoned for multifamily.Plans are available to view. Optional 2 additional units can be added per architect (buyer to verify all information).Other multifamily projects available. Please call or text the team at 818-873-3863Disclosure: Listing agent has an ownership interest in the property.