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12040 Stagg St

North Hollywood, CA 91605
  • $1,340,000
  • STATUS: Active
  • ON SITE: 32 Days
  • MLS #: 25-484001
UPDATED: 56 min ago
$1,340,000
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

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.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/159515856
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12040 Stagg St North Hollywood, CA 91605

  • Price: $1,340,000
  • Status: Active
  • On Site: 32 Days
  • Updated: 56 min ago
  • MLS #: 25-484001
0
Beds
0
Baths
0
½ Baths
0.2
Acres
Neighborhood:
North Hollywood
County:
Los Angeles
Area:
North Hollywood
Property Description
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.
Exterior Features

Cross Streets Stagg St and Agness Ave Horse YN No Lot Location Corner Lot Lot Size Area 8894 View Description None View YN No

Property Features

Cable YN Yes Disclosures Other Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Water Mutual Water SourceDistrict Zoning LAR3

Listing provided courtesy of Daniel Withers DRE#01325901 of Matthews Real Estate Investment Services: 866-889-0550.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-02-18T16:43:07.31. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
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