5025 Klump Ave - Residential LAND FOR SALE


North Hollywood, CA 91601 11,247 SF
$3,500,000 USD
310-922-6124
5025 Klump Ave, North Hollywood, CA for Sale
$3,500,000 USD
Residential LAND - FOR SALE
1/9
11,247 SF

5025 Klump Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Transit Oriented Communities incentives reduce parking from 1.5 to 0.5 spaces/unit, cutting major development costs
  • Steps from North Hollywood Metro (B and G Lines). Walk Score 92 attracts young professionals seeking car-optional, walkable urban living.
  • Seller has already secured Ready to Issue (RTI) approval. Eliminates major entitlement risk and accelerates construction timeline for buyer

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/ACRE

$13,554,386/AC

PRICE/SF

$311 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

RTI 40-Unit Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.26 AC

LAND SF

11,248 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

LAR4

APN/PARCEL ID

2353-013-022

ASK ABOUT THIS PROPERTY

Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

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Jake PlewaRE/MAX Commercial & Investment RealtyMore Info
310-922-6124

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.