12040 Stagg Street
North Hollywood, CA 91605
- – beds
- – baths
- – sqft
- 8,894 sqft lot
- – on site
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.
Last checked:
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Last updated Jan 18, 2025
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MLS# 25484001 —
This property is listed in more than one place. See it here.
The Building
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New Construction:No
Location
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Directions:East of Laurel Canyon and North of Saticoy Street
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Latitude:34.21186100
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Longitude:-118.39567400
The Property
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Property Type:Land
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Zoning:LAR3
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Lot Size Area:8894.0000
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Lot Size Dimensions:90x90
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Lot Size Acres:0.2042
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Lot Size SqFt:8894.00
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View:None
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Additional Parcels:No
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:2317001002
Utilities
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Water Source:Public
The Community
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Association:No
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Senior Community:No
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Assessments:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/16/25
Jan 16, 2025
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Listed / Active | CRMLS_CA | $1,340,000 | 179.2% (18.9% / YR) |
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7/24/15
Jul 24, 2015
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CRMLS_CA | $480,000 | ||
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1/14/15
Jan 14, 2015
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Relisted | DAMLS |
