We are pleased to offer for sale an exceptional RD 1.5 development site in the heart of North Hollywood. This approximately 8,010 sq ft lot presents a rare opportunity to build five units or townhomes by right, with no SB 8 restrictions - meaning no rent control, tenant relocation, or affordable housing requirements; SB 8 CLEARANCE LETTER ALREADY IN HAND = ZERO LOW INCOME units will be required!!! Currently improved with a single-family residence, the property is ideal for a by right 5 unit project or may qualify as a strong candidate for a 100% affordable ED 1 project. Located just about one mile from "NOHO West" with convenient access to the 170 Freeway, public transit, shopping, dining, and more. The neighborhood is experiencing significant growth with numerous new developments nearby, underscoring the area's high rental demand. This is an excellent opportunity for builders or investors seeking a shovel-ready project in one of LA's most active submarkets. Property to be sold As-Is, for land value only. Buyer to independently verify all zoning and development potential with LADBS. Contact listing agent for more details!