12040 Stagg Street, North Hollywood, CA 91605 - Berkshire Hathaway HomeServices California Properties

12040 Stagg Street, North Hollywood, CA 91605

$1,200,000 Approx. USD 0 beds, 0 baths

Reduced by $140,000 on 3/19/2025

Listing Agent


Daniel Withers | daniel.withers@matthews.com
Lic#: 01325901
Broker: Courtesy of Matthews Real Estate Investment Services

Agent Remarks

Great Redevelopment opportunity in North Hollywood, CA - located at 12040 W Stagg St., currently zoned (T)R3-1-CUGU and consisting of 8,936 square feet. This single-parcel, corner lot is just one block east of Laurel Canyon Boulevard. Redevelopment Opportunities: This site offers multiple redevelopment options, providing flexibility for investors and developers:1. By-Right Development: Build up to 11 units in a 4-story structure(limited to 45 feet in height) without the need for any entitlements.2. State Density Bonus Program (AB1287): Take advantage of the state's density bonus, allowing for a 100% increase in density resulting in up to 24 units in a 5-story structure.3. 100% Affordable Housing: Pursue a 100% affordable project utilizing either the State Density Bonus or the LA City ED1 programs, potentially unlocking additional benefits and incentives for affordable housing development. The current ownership has preliminary plans for a new 11,974 SF multifamily building spanning four stories. The proposed unit mix includes: (7) one-bedroom, one-bathroom units (4) two-bedroom, one-bathroom units ADU unit (Accessory Dwelling Unit) Current Tenancy: The property is currently occupied by a tenant on a month-to-month lease.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25484001
List price is $1,200,000 Reduced by $140,000 on 3/19/2025
Price: $1,200,000
Beds: 0
Baths: 0
0.20 acres
Lot size: 0.2042
County: Los Angeles
Zoning: LAR3
MLS area: NHO - North Hollywood

Last Updated: 3/19/2025

 Days On Market (DOM): 62

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This listing belongs to the NHO - North Hollywood MLS area

Lat/Long: 34.211861, -118.395674.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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