Description
Great redevelopment opportunity in north hollywood, ca - located at 12040 w stagg st., currently zoned (t)r3-1-cugu and consisting of 8,936 square feet. this single-parcel, corner lot is just one block east of laurel canyon boulevard. redevelopment opportunities: this site offers multiple redevelopment options, providing flexibility for investors and developers:1. by-right development: build up to 11 units in a 4-story structure(limited to 45 feet in height) without the need for any entitlements.2. state density bonus program (ab1287): take advantage of the state's density bonus, allowing for a 100% increase in density resulting in up to 24 units in a 5-story structure.3. 100% affordable housing: pursue a 100% affordable project utilizing either the state density bonus or the la city ed1 programs, potentially unlocking additional benefits and incentives for affordable housing development. the current ownership has preliminary plans for a new 11,974 sf multifamily building spanning four stories. the proposed unit mix includes: (7) one-bedroom, one-bathroom units (4) two-bedroom, one-bathroom units adu unit (accessory dwelling unit) current tenancy: the property is currently occupied by a tenant on a month-to-month lease.
Property Type
LandCounty
Los AngelesStyle
LandAD ID
48353393
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
- Full Baths: 0
- Half Baths: 0
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.2042
- Lot Size Dimensions: 90x90
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 8894
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Listing Information
Listing Price Information
- Original List Price: 1,340,000
- Listing Contract Date: 2025-01-16
Lease Information
- Listing Agreement: Seller Reserved
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Taxes / Assessments
Tax Information
- Parcel Number: 2317001002
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: NHO - North Hollywood
- Postal Code Plus 4: 2436
- Directions: East of Laurel Canyon and North of Saticoy Street
- Zoning: LAR3
- Source Property Type: Land
- Area: NHO - North Hollywood
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 01/20/2025 @ 20:28
- MLS: 25484001
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is for sale, it has 0 sqft, 8,894 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of North Hollywood , in zip code 91605, this Los Angeles County Land , it is in the Not Applicable Subdivision, are nearby neighborhoods.