5025 Klump Ave - RTI 40-Unit Development Site 11,248 Acres of Residential Land Offered at $3,500,000 in North Hollywood, CA 91601

Jake Plewa of RE/MAX Commercial & Investment Realty is pleased to present 5025 Klump Avenue, a compelling development site located in the highly desirable North Hollywood Arts District (NoHo) of Los Angeles. This ready to issue 11,248 square-foot, LA-R4-zoned parcel represents a rare redevelopment opportunity in one of Los Angeles' most dynamic transit-oriented neighborhoods, offering substantial upside for sophisticated developers and institutional investors.
5025 Klump Avenue is currently situated as a quadruplex and sits on an 11,248 SF lot zoned LA-R4. The property's zoning supports high-density residential development and is eligible for enhancements through Transit Oriented Communities (TOC) incentives, which can unlock additional floor area and reduce parking requirements—significantly improving project economics. The owner's RTI plans call for approximately 40 thoughtfully designed units, comprising a balanced mix of studios, one-bedroom, and two-bedroom residences that align with contemporary market demands for quality, attainable housing in a culturally rich setting.
This investment represents a rare opportunity to acquire a strategically positioned RTI development site in North Hollywood—one of Los Angeles' most resilient, high-demand transit-oriented submarkets. The property's proximity to major employment centers, exceptional walkability, transit connectivity, and LA-R4 zoning with TOC eligibility create a compelling platform for delivering quality multifamily housing in a market characterized by strong rental demand, sustained appreciation, and long-term growth potential.