Active

5025 Klump Avenue

North Hollywood, CA 91601
Mark as Favorite
SqFt11,251

Sqft(Lot)

Rare RTI 40-unit multifamily development opportunity in North Hollywood's vibrant NoHo Arts District. This 11,248 SF LA-R4-zoned lot at 5025 Klump Avenue represents a compelling redevelopment site in one of Los Angeles' most dynamic transit-oriented neighborhoods. Currently improved with a quadruplex, the property is ideally positioned for a visionary development capitalizing on North Hollywood's ongoing transformation. The site enjoys an enviable location mere steps from the North Hollywood Metro Station (B and G Lines), offering seamless access to Downtown Los Angeles, Hollywood, and the greater San Fernando Valley. Surrounded by the NoHo Arts District's renowned theaters, galleries, dining, and entertainment venues, the property benefits from the area's ongoing renaissance, including tr ansformative projects such as District NoHo a major transit-oriented development directly at the Metro Station with 1,500+ planned residential units. Under LA-R4 zoning, which supports high-density residential development with potential enhancements through Transit Oriented Communities incentives, the site offers substantial upside for sophisticated investors and developers. The location capitalizes on North Hollywood's momentum as a thriving, transit-rich, and creative neighborhood with strong demand for new housing and mixed-use product. Walk Score of 92 (Walker's Paradise) underscores the neighborhood's exceptional pedestrian-oriented character and vibrant street life. The site is strategically positioned near Southern California's most influential employment centers, including Netflix, Paramount Pictures, Warner Bros., NBC Universal, and Disney, reinforcing robust residential demand. This offering presents a rare chance to contribute to North Hollywood's evolution while delivering a modern multifamily asset in a market characterized by strong rental demand, sustained appreciation, and long-term growth potential. This development site is ideally suited for institutional developers, REITs, and experienced multifamily operators seeking exposure to a premier transit-oriented Los Angeles submarket with compelling risk-adjusted return profiles.

Read More Expand

Detail Ic Property Details

Property Type : Land

Price : $3,500,000

AD Id : 87655235

MLS Id : 26856043

Lot Size : 11,251 Sqft(Lot)

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2583
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 11251

  • Listing Price Information

    Original List Price: 3,500,000 Listing Contract Date: 2026-07-06
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 2353013022

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: NHO - North Hollywood Postal Code Plus 4: 4212 Directions: East of Bakman Street, North of Morrison Street Zoning: LAR4 Source Property Type: Land Area: NHO - North Hollywood
Sell a home like this and save $209,501 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5926 Lemp Avenue, North Hollywood, CA, 91601 $1,100,000 -- -- -- 6,631 Sqft(Lot)
5922 Lemp Avenue, North Hollywood, CA, 91601 $1,100,000 -- -- -- 6,613 Sqft(Lot)
5444 Camellia Avenue, North Hollywood, CA, 91601 $1,449,000 -- -- -- 6,587 Sqft(Lot)

Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 07/12/2026 @ 01:19

MLS: 26856043 LISTED BY: Jacob Plewa, REMAX COMMERCIAL & INVESTMENT REALTY 310-802-2500 SOURCE: CRMLS

Homes around $3,500,000

Selling? Save $209,501 when you sell a home like this

Tour with a ByOwner Agent