NEW PRICE! RTI 5-UNIT DEVELOPMENT OPPORTUNITY IN NORTH HOLLYWOOD! We are pleased to present a prime development opportunity featuring approved plans to convert the existing duplex into a brand-new 3-story triplex plus two detached ADUs, resulting in a five-unit project totaling approximately 8,174 SF. The approved unit mix consists of two 2-bedroom/2-bath units, one 3-bedroom/3-bath unit, and two 4-bedroom/3-bath units. Situated on a flat 7,065 SF RD2-zoned corner lot, the property offers an attractive development opportunity approximately one mile from the NOHO Arts District and NOHO West, with convenient access to dining, shopping, entertainment and transportation. The existing duplex is currently tenant occupied and will be delivered with the tenants in place. Each unit currently pays approximately $1,600/month ($3,200/month total). RTI plans are available upon request, allowing a buyer to acquire an already-entitled project and determine the timing of redevelopment. Upon completion, the five-unit project is projected to generate approximately $21,000/month in gross rental income (buyer to verify). Now offered at $925,000. Contact listing agent for approved plans, reports and additional details.

Listing courtesy of Daniel Shamooelian of Keller Williams Beverly Hills

Based on information from the The MLS as of 2026-09-10 06:32 AM UTC. 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.