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5025 Klump Ave
North Hollywood, CA 91601

$3,500,000 USD

Land For Sale  •  0.26 AC

Property Details

  • Property Type Land
  • Lot Size 0.26 AC
  • Zoning LAR4
60 Transit Score
70 Walk Score

Description

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.

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

Public Transportation

Commuter RailDriveWalkDistance
Burbank Amtrak (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak) 7 min - 3.6 mi
Burbank Airport - South (Vc Line) Metrolink Station (Metrolink Ventura County Line - Metrolink Trains) 8 min - 3.7 mi
Transit/SubwayDriveWalkDistance
North Hollywood Station (Orange Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
AirportDriveWalkDistance
Bob Hope 8 min - 3.7 mi
Los Angeles International 33 min - 23.7 mi
Long Beach (Daugherty Field) 47 min - 34.5 mi
Jake Plewa 310-922-6124 RE/MAX Commercial & Investment Realty
Jake Plewa 310-922-6124 RE/MAX Commercial & Investment Realty