The median home value in North Hollywood, CA is $849,500.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in North Hollywood, CA is $849,500.
Approximately 45.51% of North Hollywood homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
North Hollywood real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact North Hollywood real estate agent to arrange a tour today! Learn more about North Hollywood.
We are pleased to present for a sale an excellent development opportunity located in the heart of North Hollywood! Zoned LARD 1.5, TOC Tier 3, the subject property is situated on a sizeable 7,863 sqft lot within close proximity to the Noho West Mall (~1 mile) and Noho Arts District (~2 miles). Build 5 units by right plus 2 ADU's. Perfect site for double duplex/townhouse style units or an ED 1, Executive Directive 1, 100% affordable project. Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Corner Lot = optimal for design efficiency and parking access! The subject property is a single family home = no tenant relocation required or RSO! Owner occupied for 10+ years, should be SB 8 exempt. Lots of new development in this pocket of NoHo. Do not miss this opportunity to build in a high rental demand part of North Hollywood close to dining, shopping, transportation, and more. Contact listing agent for more details!
Existing burned duplex sold for land value only.There are ten reasons why we believe youve just stumbled upon what could be a near-perfect affordable housing development land acquisition opportunity. The site possesses the optimal zoning and economic incentives in place like Opportunity Zone/ED-1 Eligible/TOC/AB 2334 Very Low VMT/AB 2097 Reduced Parking Areas, etc. etc. etc. The site is not in a specific plan or in a Redevelopment Area.The site is located next to a swath of R1 zoned property (free parking?).The site is located a block from grocery, and CVS and, of course, Starbucksessentially a stones throw from every critical amenity.The site is walking distance (1-mile) from NoHo station (both rail and bus transportation) making it viable to live at the property and not own a car.The site is an uncommonly large single lot consisting of 16,316 SF of land with 60 of frontage. Its not too big of a project yet formattable enough to be compelling for a wide spectrum of investment and development organizations.The site is flat.The site will not require the displacement of tenants as the duplex on site has been vacant for over 5+ years (abatement filed by City in 2019) after fires burned the property. The demo is not complete. Hence, the lookback period is 5 years. The likelihood of zero replacement units also opens of conversation for less dense development typologies.The site is 1,800 feet from NoHo west; the perfect market rate rent barometer demonstrating rental rates for 1 beds about 30% higher than the deed restricted amounts mandated for 1 bed units under ED-1.The site enjoys immediate adjacency to a 10 unit building and 12 unit building to the north and south respectively. Hence, views from the proposed new project will not be affected likely for many years into the future (the likelihood of demolition of such buildings is low in the near term).
6729 Babcock Ave, North Hollywood, CA 91606 is a vacant land home with size of 6224 sqft. Great Opportunity for all Investors and Developers. Rare opportunity awaits you in North Hollywood. This Property is being sold as-is land value.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
Based on information from CRISNet MLS as of 7/3/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
