We are pleased to present for a sale an excellent development opportunity located in the heart of North Hollywood! Zoned LARD 1.5, TOC Tier 3, the subject property is situated on a sizeable 7,863 sqft lot within close proximity to the Noho West Mall (~1 mile) and Noho Arts District (~2 miles). Build 5 units by right plus 2 ADU's. Perfect site for double duplex/townhouse style units or an ED 1, Executive Directive 1, 100% affordable project. Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Corner Lot = optimal for design efficiency and parking access! The subject property is a single family home = no tenant relocation required or RSO! Owner occupied for 10+ years, should be SB 8 exempt. Lots of new development in this pocket of NoHo. Do not miss this opportunity to build in a high rental demand part of North Hollywood close to dining, shopping, transportation, and more. Contact listing agent for more details!