## **Prime Development Opportunity in the Heart of North Hollywood** **11820-11824 Victory Blvd, North Hollywood, CA 91606** **Offered As a Premier 5-Unit Development Project** **±12,000 SF Corner Lot | Two Parcels | Tier 3 TOC** Discover a rare and highly desirable investment opportunity in one of the San Fernando Valley’s most dynamic and rapidly appreciating neighborhoods. This unique corner-lot development offering spans over **12,000 square feet across two contiguous parcels** and is entitled for **five spacious residential units**, presenting tremendous upside for builders, developers, and investors seeking long-term value in the thriving NoHo market. ### **Property Highlights** * **Lot Size:** ±12,000 SF (combined across two legal parcels) * **Zoning:** LARD1.5 – Ideal for small-lot subdivision or multifamily development * **TOC Tier 3 Bonus:** Increased density, reduced parking requirements, and expedited entitlement process * **Corner Lot Advantage:** Excellent street frontage on Victory Blvd with dual access — ideal for maximizing design, access, and curb appeal * **Current Improvements:** Low-density residential structures, delivering with minimal demolition costs ### **Development Potential** Take advantage of this **low-density infill site** in a high-demand rental and for-sale housing market. With the added benefit of **Tier 3 Transit-Oriented Community (TOC) incentives**, the site supports **greater unit density, reduced parking minimums, and height flexibility**, allowing for an optimized, design-forward residential community. Preliminary design studies indicate potential for: * **5 large, multi-story townhome-style units** * Modern architectural design with rooftop decks or private patios * Secure gated parking and open living plans ### **Location Perks** Situated near the bustling arts district of NoHo, the site is: * Minutes from the **North Hollywood Metro Station** (B/G Lines) * Walking distance to **Valley Plaza, retail amenities, and schools** * A short drive to **Burbank, Studio City, and Universal City** * Convenient access to the **170 & 101 Freeways** ### **Investment Highlights** * Ideal for small lot subdivision or luxury rental product * High absorption market with strong rental demand * Clear path to entitlement and construction * Premium visibility and accessibility on a major corridor