We are pleased to present for a sale a prime LAR3 development opportunity near the Noho Arts District of North Hollywood! This FLAT ~6,040 sqft lot offers a developer the opportunity to build 5 units by right or up to 9 units using TOC Incentives. Lot dimensions are ~ 50 by 121 sqft, zoned (Q)R3-1, TOC Tier 1, and a corner lot (optimal for design efficiency & parking access!) Perfect for a fourplex or small lot subdivision! Located within a qualified Opportunity Zone, potential for tax incentives (buyer to verify). The subject property is located less than 1 mile from the heart of the Noho Arts District, super close to shopping, bars, dining, entertainment, and transportation. Current improvements include a single family home that has been owner occupied for 20+ years, will be SB 8 EXEMPT! No dealing with rent control or tenant relocation here! Do not miss this opportunity to purchase a rare corner site near all the shopping, restaurants, transportation, and amenities that North Hollywood has to offer its tenants. Home to be sold As-Is. Contact listing agent for more details!