10629 Landale St - 10629 Landale st 0.14 Acres of Commercial Land Offered at $1,290,000 in North Hollywood, CA 91602

Rare opportunity to acquire an urban infill multifamily development site in North Hollywood. The property consists of a 6,064 SF R3-1-RIO–zoned lot with flat topography and approved entitlements for a 10-unit apartment project. Planning and zoning approvals are in place, including density bonus incentives, significantly reducing entitlement risk. Architectural plans are substantially complete; project is in the final plan check / permit issuance phase. Ideal for developers seeking a clear path to construction in a supply-constrained rental marketOffered at $1,290,000, this urban infill multifamily development site presents a compelling below-replacement-cost opportunity in North Hollywood. The 6,064 SF R3-1-RIO–zoned lot is fully entitled for a 10-unit apartment project, with planning and zoning approvals secured, including density bonus incentives that significantly reduce entitlement risk and timeline.
Architectural and consultant plans are substantially complete, allowing a buyer to step in and advance directly toward permit issuance, avoiding the most time-consuming and uncertain phases of development. The project’s infill location, proximity to major employment centers, and limited new supply in the submarket position it for strong rental demand and attractive exit liquidity upon stabilization.
Ideal for developers and value-add investors seeking entitled land with a defined path to construction in a high-barrier-to-entry market.