RealKey
‪(213) 433-7766‬

10629 Landale Street, North Hollywood, California 91602, North Hollywood, 91602 - 2 bed, 1 bath

10629 Landale Street, North Hollywood, California 91602 home-pic-0
ACTIVE$1,599,999
10629 Landale Street, North Hollywood, California 91602
2Beds
1Bath
984Sqft
6,078Lot
Year Built
1938
Close
-
List price
$1.6M
Original List price
$1.6M
Price/Sqft
$1,626
HOA
-
Days on market
-
Sold On
-
MLS number
CV25056747
Home ConditionTear down
Features
Patio
View-

About this home

Possibly Over-Priced:The estimated price is 24% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.60M(33th), sqft - 984(2th), beds - 2(20th), baths - 1(8th).

Prime Investment Opportunity in North Hollywood – RTI Plans for 10 Units! Welcome to 10629 Landale St, North Hollywood, CA, a rare gem in one of LA’s most thriving neighborhoods! Currently a charming single-family residence, this 6,750 sq. ft. lot presents an incredible opportunity for investors and developers. The property comes with RTI (Ready-to-Issue) plans for a 10-unit, 1-bed, 1-bath development, maximizing its potential in a highly desirable area. Nestled in the heart of the NoHo Arts District, this property offers unparalleled access to trendy restaurants, theaters, and entertainment venues. Enjoy proximity to NoHo West, a vibrant shopping and dining destination featuring Trader Joe’s, LA Fitness, and Regal Cinemas. Commuters will love the easy access to the Metro Red Line, 170, 101, and 134 freeways, connecting you to the rest of Los Angeles with ease. Whether you're looking to build a high-demand rental property or capitalize on the area's growth, 10629 Landale St is a fantastic opportunity to invest in North Hollywood’s future. Don't miss out on this prime development-ready property! Call today for more details! Plans and fully approved permits!!! Buyers can pay permit fees and start construction the next day READY FOR CONSTRUCTION!!

Nearby schools

7/10
Rio Vista Elementary School
Public,•K-5•0.4mi
7/10
Toluca Lake Elementary School
Public,•K-5•0.5mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•1.4mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•1.5mi
8/10
Valley View Elementary School
Public,•K-6•2.1mi
6/10
Walter Reed Middle School
Public,•6-8•1.3mi
5/10
David Starr Jordan Middle School
Public,•6-8•2.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.6mi
6/10
Arroyo Seco Museum Science
Public,•K-8•9.7mi
3/10
East Valley Senior High School
Public,•9-12•1.4mi
8/10
North Hollywood Senior High School
Public,•9-12•1.8mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.9mi
7/10
Burroughs High School
Public,•9-12•2.4mi
6/10
Hollywood Senior High School
Public,•9-12•3.9mi
Condition Rating
Tear down
The property was built in 1938, and the listing explicitly states that the existing single-family residence is 'likely to be demolished' for a new 10-unit development, with the value based on the land and its 'RTI Plans'. The images confirm a very dated interior, particularly the kitchen with old white appliances and worn surfaces, and the bathroom with outdated fixtures and tiles, indicating no major renovations in many decades. The property's condition is secondary to its development potential, aligning with the 'tear-down' criteria where the structure is beyond practical repair for modern living and its value is solely in the land.
Pros & Cons

Pros

Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Ready-to-Issue (RTI) Plans: The property comes with fully approved, Ready-to-Issue plans and permits for a 10-unit development, allowing immediate construction upon permit fee payment, which significantly de-risks and accelerates the development process.
High-Density Development Potential: Approved plans for a 10-unit, 1-bed, 1-bath development on a 6,750 sq. ft. lot maximize land utilization and offer substantial potential for rental income in a high-demand area.
Prime NoHo Arts District Location: Nestled in the heart of the vibrant NoHo Arts District, the location offers unparalleled access to cultural venues, entertainment, trendy restaurants, and a desirable urban lifestyle.
Exceptional Commuter Accessibility: The property boasts easy access to the Metro Red Line and major freeways (170, 101, 134), ensuring convenient commutes throughout Los Angeles and enhancing its appeal to future tenants.
Abundant Local Amenities: Proximity to NoHo West, featuring essential retail (Trader Joe’s), fitness centers (LA Fitness), and entertainment (Regal Cinemas), provides significant convenience and desirability for future residents.

Cons

Significant Price Premium: The listing price is considerably higher than the estimated value of the existing single-family home, indicating a substantial premium for the development potential, which may narrow the buyer pool to specific investors.
Substantial Capital Investment Required: Despite having RTI plans, the buyer will need to secure significant additional capital for the construction costs of a 10-unit building, representing a considerable financial commitment beyond the purchase price.
Age of Existing Structure: The current single-family residence was built in 1938 and is likely to be demolished for the new development, offering minimal intrinsic value or utility for the intended purpose.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state