11841 Hart, North Hollywood, California 91605, North Hollywood, 91605 - 3 bed, 1 bath
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North Hollywood, California 91605
This RTI Development Asset represents a strategic high-density opportunity in North Hollywood, listed at $1,095,000. While the price sits above the $920,515 Fair Market Value of the existing structure, the valuation is anchored in the Ready-to-Issue plans for a 9-unit project. Currently in Teardown Condition, the 6,449 sq. ft. lot is approved for 3 duplexes and 3 ADUs, bypassing entitlement delays in the Los Angeles Unified district. This shovel-ready project is a prime acquisition for Real Estate Developers or Cash Investors seeking immediate construction and high-yield potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11841 Hart Subject | $1,095,000* List Price | 3 | 1 | 996 | $924 | - |
A 6928 Gentry Avenue Sold | $800,000 | 3 | 1 | 1,000 | $800 | 0.1 mi |
B 12009 Hart Street Active | $975,000 List Price | 2 | 1 | 947 | $1,030 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
The property is explicitly marketed as an RTI (Ready-to-Issue) development opportunity for a 9-unit project, indicating the existing 1950s structure is intended for demolition. The listing provides architectural plans for new construction rather than interior photos of the current home, and the property analysis confirms its status as a teardown where the value is derived from the land and approved permits.
The property is sold with Ready-to-Issue (RTI) plans for a 9-unit project, allowing a developer to bypass the lengthy and costly entitlement process and move immediately toward construction.
The approved plans for 3 duplexes and 3 ADUs (9 units total) maximize the utility of the lot, offering a significant rental income stream or high resale value upon completion.
Situated in a high-demand pocket of North Hollywood, this project is well-positioned to attract tenants seeking modern housing in a central, rapidly developing urban hub.
The property was recently sold within the past year on 2025-12-12. The sold price is $720,000.00.
At a list price of $1.095M for a teardown, the high entry cost for the land may compress profit margins for developers, especially if construction costs rise.
Developing nine units on a 6,449-square-foot lot results in a very high-density project, which may lead to limited outdoor space and complex construction logistics.
Calling all investors, builders, and developers! RTI development opportunity in North Hollywood with approved plans for a 9-unit project consisting of 3 duplexes with attached ADUs (6 primary units + 3 ADUs). Plans include a mix of unit configurations with primary units generally designed as 2-bedroom layouts, and the site plan reflects three separate buildings with select units featuring balconies, offering a functional layout for future development. Excellent opportunity to step into a project with plans already in place and move directly toward construction. Buyer to verify all information, plans, permits, unit mix, and development potential with the city.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 996 | 1,490 | 9% |
| Lot Size | 6,449 | 6,669 | 47% |
| Price | $1.09M | $850.0K | 83% |
| Price per sq ft | $1.1K | $588 | 98% |
| Built year | 1950 | 1954 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 11 | 180 | 2% |
Apr 11, 2026
$1,095,000
Initial Listing
Dec 12, 2025
$720,000
Public Record
Nov 21, 2019
$642,000
Public Record
Mar 10, 1997
$125,000
Public Record