12009 Hart Street, North Hollywood, California 91605, North Hollywood, 91605 - 2 bed, 1 bath
Loading property details...
North Hollywood, California 91605
This R3 Zoned Development Asset is a High-Potential Investment Opportunity listed at $975,000. While the price reflects a premium over the $845,433 Fair Market Value, the High-Density Development Potential on this 7,703 sq. ft. lot allows for a multi-unit project of up to 9 units. Currently in Fixer Condition, this land-value sale includes an Existing ADU Structure and strategic access to the 170 and 101 freeways. This project offers a prime acquisition for Real Estate Developers or Cash Investors looking to capitalize on North Hollywood's urban growth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12009 Hart Street Subject | $975,000* List Price | 2 | 1 | 947 | $893 | - |
A 6928 Gentry Avenue Sold | $800,000 | 3 | 1 | 1,000 | $800 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
This 1950s property is explicitly marketed as a 'land value sale' and a 'fixer development opportunity' with R3 zoning for up to 9 units. The listing states it may not qualify for conventional financing and is sold 'as-is' with no interior access permitted, indicating the structure is likely unlivable and the value lies entirely in the redevelopment potential of the lot.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7703, living area = 947.
Zoned R3 on a generous 7,700 sq. ft. lot, this property offers a rare opportunity to develop up to 9 units, maximizing the land's investment value.
Situated just one block from public transportation with rapid access to the 170 and 101 freeways and Burbank Airport, the site is highly attractive for future tenants.
Marketed primarily for land value and in fixer condition, the property may not qualify for conventional financing, likely requiring cash or hard money investors.
The sale is strictly in as-is condition with no interior access permitted for initial viewing, indicating significant deferred maintenance or the need for total demolition.
R3 FIXER DEVELOPMENT OPPORTUNITY in North Hollywood, situated on a 7700 sq. ft. lot. 12009 Hart St currently has 3 buildings on the lot. The primary building is a 2 bedroom/1 bath with 947 sq. ft, there's a detached 2 car garage which has been converted to an ADU and an additional garage towards the back of the lot. However, this primarily a land value sale and property may not qualify for conventional financing. Home will be sold in as is condition. Possible to build up to 9 units, buyer to verify. Drive by only, DO NOT disturb the seller/occupant. Just 1 block from public transportation with easy access to the Airport, the 170 and 101 freeways, shopping, nightlife and more!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 2.0 | 19% |
| Square foot | 947 | 1,490 | 8% |
| Lot Size | 7,703 | 6,741 | 72% |
| Price | $975.0K | $850.0K | 74% |
| Price per sq ft | $1.0K | $588 | 98% |
| Built year | 1950 | 1954 | 21% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 180 | 2% |
Mar 16, 2026
$975,000
Initial Listing