5025 Klump Avenue
North Hollywood, CA 91601
Listing broker / agent: REMAX COMMERCIAL & INVESTMENT REALTY · Jacob Plewa · CRMLS
MLS # 26856043 · Last checked Oct 22, 2026 04:34 UTC
About this property
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 transformative 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.
Property details
- MLS number
- 26856043
- Status
- Active
- Type
- Land
- Lot size
- 0.2583 acres
- County
- Los Angeles
More property detailsCollapse
Listing
- Days on market
- 57
Bathrooms
- Full bathrooms
- 0
- Half bathrooms
- 0
- Three-quarter bathrooms
- 0
- Quarter bathrooms
- 0
Exterior & parking
- Total parking spaces
- 0
- Property outlook
- None
Fees & lease terms
- Association
- No
Nearby public schools
Nearby does not mean assigned. These are approximate straight-line distances from the property, not walking or driving routes. Confirm attendance boundaries, enrollment eligibility, grades and current school status directly with the district.
| School / district | Grades | Distance |
|---|---|---|
| Lankershim Elementary (school website, opens in a new tab) Los Angeles Unified · North Hollywood | K–5 | 0.3 mi |
| Colfax Charter Elementary (school website, opens in a new tab) Los Angeles Unified · Valley Village | K–5 | 0.7 mi |
| East Valley Senior High (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 9–12 | 0.7 mi |
| Science Academy STEM Magnet (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 6–12 | 0.7 mi |
| North Hollywood Senior High (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 9–12 | 0.7 mi |
| Amelia Earhart Continuation (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 9–12 | 0.8 mi |
| Walter Reed Middle (school website, opens in a new tab) Los Angeles Unified · North Hollywood | 6–8 | 0.8 mi |
| Toluca Lake Elementary (school website, opens in a new tab) Los Angeles Unified · North Hollywood | K–5 | 0.9 mi |
Source: California Department of Education · 2025-26 school locations. Downloaded Oct 2, 2026 UTC. This annual snapshot may not reflect later changes. Public schools only; not a complete list of education options. No ratings or attendance assignments are provided.
Check the California School Directory ↗Price and tax history
Asking price
- Current asking price
- $3,250,000
- MLS-reported original asking price
- $3,500,000
- MLS-reported previous asking price
- $3,500,000
- MLS-reported last price change
- 2026-09-01 14:26 UTC
| Observed (UTC) | Asking price |
|---|---|
| Oct 2, 2026 05:32 | $3,250,000 |
MLS values are reported for this listing, not prior sales. Observation dates show when our importer saw an asking price, not when the MLS changed it. Up to 24 observations are retained; changes between refreshes may be missed. This is not a complete price or sales history.
Property taxes
Tax history is not available from the imported listing data.
Source: MLS feed. Only supplied tax years are shown, up to 10 years; this is not a county tax archive. Amounts may be corrected and taxes may change after purchase. Verify assessments and current taxes with the county. These values do not automatically fill the payment calculator.
Market trends in North Hollywood
Active residential homes for sale in North Hollywood, CA, available through this website's authorized feed. Includes residential subtypes; excludes rentals. Not the entire market or a valuation of this property.
Observed price activity · past 30 days
24 currently active listings have an observed price-change pair ending in this period. A listing can appear in both counts.
Calculated 2026-10-22 05:39 UTC. Source: this website's authorized MLS inventory. Import progress, freshness rules and coverage affect the figures. Medians exclude missing/invalid values; price per sq ft is the median of individual listing ratios. Price observations are limited to the last 24 per listing and may miss changes between refreshes. This is not a complete 30-day market report, historical inventory trend, appreciation measure, or sold-price analysis.
Payment calculator
Explore a fixed-rate loan scenario. The price comes from this listing; a 20% down payment and 30-year term are starting assumptions, not requirements. Enter your own interest rate—not APR—and estimated costs.
Illustration only—not a rate quote, preapproval, lending offer or affordability determination. Assumes equal monthly payments on a fully amortizing fixed-rate loan; no adjustable rates, interest-only periods or balloon payments. Excludes closing costs, utilities, maintenance, special assessments and other unentered costs. Actual payments and escrow can differ. Review a Loan Estimate with your lender.
Understanding homeownership costs — CFPB ↗