6
See all 6 photos
$3,500,000
Est. payment /mo
0.26 Acres Lot
New
5025 Klump AVE North Hollywood, CA 91601
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26856043
HOA Y/N No
Lot Size 0.258 Acres
Property Description
Rare RTI 40-unit multifamily development opportunity in North Hollywood's vibrant NoHo Arts District. This 11,248 SF LA-R4-zoned lot at 5025 Klump Avenue represents a compelling redevelopment site in one of Los Angeles' most dynamic transit-oriented neighborhoods. Currently improved with a quadruplex, the property is ideally positioned for a visionary development capitalizing on North Hollywood's ongoing transformation. The site enjoys an enviable location mere steps from the North Hollywood Metro Station (B and G Lines), offering seamless access to Downtown Los Angeles, Hollywood, and the greater San Fernando Valley. Surrounded by the NoHo Arts District's renowned theaters, galleries, dining, and entertainment venues, the property benefits from the area's ongoing renaissance, including transformative projects such as District NoHo a major transit-oriented development directly at the Metro Station with 1,500+ planned residential units. Under LA-R4 zoning, which supports high-density residential development with potential enhancements through Transit Oriented Communities incentives, the site offers substantial upside for sophisticated investors and developers. The location capitalizes on North Hollywood's momentum as a thriving, transit-rich, and creative neighborhood with strong demand for new housing and mixed-use product. Walk Score of 92 (Walker's Paradise) underscores the neighborhood's exceptional pedestrian-oriented character and vibrant street life. The site is strategically positioned near Southern California's most influential employment centers, including Netflix, Paramount Pictures, Warner Bros., NBC Universal, and Disney, reinforcing robust residential demand. This offering presents a rare chance to contribute to North Hollywood's evolution while delivering a modern multifamily asset in a market characterized by strong rental demand, sustained appreciation, and long-term growth potential. This development site is ideally suited for institutional developers, REITs, and experienced multifamily operators seeking exposure to a premier transit-oriented Los Angeles submarket with compelling risk-adjusted return profiles.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR4
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 2353013022
Special Listing Condition Standard
Listed by Jacob Plewa REMAX COMMERCIAL & INVESTMENT REALTY #02041641
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