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10629 Landale Street, North Hollywood, California 91602, North Hollywood, 91602 - 2 bed, 1 bath

10629 Landale Street, North Hollywood, California 91602 home-pic-0
ACTIVE$1,290,000
10629 Landale Street, North Hollywood, California 91602
2Beds
1Bath
984Sqft
6,078Lot
Year Built
1938
Close
-
List price
$1.29M
Original List price
$1.5M
Price/Sqft
$1,311
HOA
-
Days on market
-
Sold On
-
MLS number
CV25240500
Home ConditionTear down
Features
View-

About this home

Possibly Over-Priced:The estimated price is 17% below the list price. We found 3 Cons,6 Pros. Rank: price - $1.29M(13th), sqft - 984(2th), beds - 2(21th), baths - 1(8th).

Turnkey RTI Development in North Hollywood – Build 10 Units Now! Incredible opportunity for developers and investors to break ground immediately on this fully RTI (Ready-to-Issue) 10-unit project in the heart of North Hollywood. All plans and permits are approved, saving you months of time and costs. The 6,750 sq. ft. lot is primed for a modern 10-unit, 1-bed/1-bath apartment complex, perfectly positioned in one of LA’s most desirable rental markets.Surrounded by new developments, the property is minutes from NoHo Arts District, NoHo West, and Metro Red Line, offering top-tier walkability and unbeatable connectivity to studios, Burbank, and the 170/101/134 freeways. This is your chance to capitalize on North Hollywood’s explosive growth with a project that’s truly shovel-ready. Don’t miss this rare investment with exceptional upside potential!

Nearby schools

7/10
Rio Vista Elementary School
Public,•K-5•0.4mi
7/10
Toluca Lake Elementary School
Public,•K-5•0.5mi
9/10
Theodore Roosevelt Elementary School
Public,•K-5•1.4mi
8/10
R. L. Stevenson Elementary School
Public,•K-5•1.5mi
8/10
Valley View Elementary School
Public,•K-6•2.1mi
6/10
Walter Reed Middle School
Public,•6-8•1.3mi
5/10
David Starr Jordan Middle School
Public,•6-8•2.8mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•4.6mi
6/10
Arroyo Seco Museum Science
Public,•K-8•9.7mi
3/10
East Valley Senior High School
Public,•9-12•1.4mi
8/10
North Hollywood Senior High School
Public,•9-12•1.8mi
6/10
Burbank Unified Independent Learning Academy (Buila)
Public,•7-12•1.9mi
7/10
Burroughs High School
Public,•9-12•2.4mi
6/10
Hollywood Senior High School
Public,•9-12•3.9mi

Price History

Date
Event
Price
12/11/25
Price Change
$1,290,000-13.9%
10/15/25
Listing
$1,498,999
Condition Rating
Tear down
The listing explicitly states that the existing 1938 single-family residence will need to be demolished to make way for a new 10-unit apartment complex. The property's value is based solely on the land and its potential for redevelopment, aligning perfectly with the 'tear-down' criteria. The provided images are renderings and floor plans for the proposed new development, not photos of the current structure.
Pros & Cons

Pros

Great Schools: Elementary School: Theodore Roosevelt Elementary School (9/10).
Ready-to-Issue (RTI) Development: All plans and permits are approved for a 10-unit apartment complex, making it a 'shovel-ready' project that saves developers significant time and costs.
Prime North Hollywood Location: Strategically located in the heart of North Hollywood, offering excellent walkability and unbeatable connectivity to the NoHo Arts District, NoHo West, Metro Red Line, studios, and major freeways.
High Rental Market Demand: Positioned in one of LA's most desirable rental markets, poised to capitalize on North Hollywood's explosive growth and strong demand for rental units.
Significant Price Reduction: The property has undergone a substantial price reduction from its original listing, potentially offering a more attractive entry point for investors.
Exceptional Upside Potential: The project is highlighted as having 'exceptional upside potential,' indicating strong prospects for future returns on investment in a growing area.

Cons

Demolition Required: The existing 1938 single-family residence will need to be demolished, incurring additional costs and logistical efforts beyond the approved new construction plans.
Substantial Capital Investment: Developing a 10-unit apartment complex requires a significant capital outlay for construction, representing a major financial commitment for the buyer.
Limited Unit Configuration: The proposed development consists entirely of 1-bed/1-bath units, which might limit the diversity of the potential tenant pool or future market adaptability compared to a mix of unit sizes.

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