PRIME LOCATION INVESTMENT OPPORTUNITY IN THE HEART OF NoHo – RTI Plans for 25 Units! Attention investors and developers: an exceptional opportunity awaits to acquire an 11,974 sq ft R4-1VL lot in the coveted NoHo Arts District. This prime location offers unparalleled convenience, situated just steps from the Metro station, renowned dining, vibrant bars, and premier entertainment options that define North Hollywood’s dynamic lifestyle. This property will be delivered with RTI plans, fully approved for the construction of a 25-unit development—offering a streamlined path for development in a high-demand area. Complete project documentation will be available to serious buyers with qualifying offers. Additionally, the property can be delivered vacant, ensuring immediate access for development. Don’t miss the chance to capitalize on this rare offering in one of Los Angeles’s most sought-after neighborhoods. All projected figures, including potential income and expenses, are estimates based on future possibilities and are subject to change. These numbers are not guaranteed and should be independently verified. Buyer to conduct their own due diligence to confirm all information provided.
For sale
Listing Provided by:
Sarit Cohen DRE #02242185 323-617-1063,
Equity Union,
Lilach Depas DRE #01969911 818-674-3374,
Equity Union
Price cut: $225K (5/8)
$2,075,000
5067 Bakman Ave, North Hollywood, CA 91601
25beds
11,974sqft
Est.:
Single Family Residence
Built in 1938
5,788 Square Feet Lot
$1,952,900 Zestimate®
$173/sqft
$-- HOA
What's special
- 80 days
- on Zillow |
- 264 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: May 07, 2025 at 11:14pm
Listing Provided by:
Sarit Cohen DRE #02242185 323-617-1063,
Equity Union,
Lilach Depas DRE #01969911 818-674-3374,
Equity Union
Source: CRMLS,MLS#: SR25039307
Originating MLS: California Regional MLS

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 25
- Bathrooms: 25
- Full bathrooms: 25
Rooms
- Room types: All Bedrooms Down
Cooling
- Central Air
Appliances
- Laundry: Inside
Features
- Has basement: No
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: No Common Walls
Interior area
- Total interior livable area: 11,974 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage
- Garage spaces: 4
Features
- Levels: Multi/Split
- Entry location: 1
- Pool features: None
- Has view: Yes
- View description: None
Lot
- Size: 5,788 Square Feet
- Features: 21-25 Units/Acre
Details
- Parcel number: 2353014008
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Valley
HOA
- Has HOA: No
Location
- Region: North Hollywood
Financial & listing details
- Price per square foot: $173/sqft
- Tax assessed value: $1,066,301
- Annual tax amount: $13,124
- Date on market: 2/21/2025
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