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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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11031 Aqua Vista Street North Hollywood, CA 91602
$4,250,000 0 beds, 0 baths
0 sqft
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Photo of Jesse Hlubik

Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
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Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
Phone: 818-528-3200
Fax: 818-386-9007
Sherman Oaks 14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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Agent Remarks

We are pleased to present an affordable housing development opportunity at 11031-11035 Aqua Vista St, located in a prime North Hollywood neighborhood. The 13,236 SF double lot can be delivered fully entitled for 89 income-restricted housing units and qualifies for Tier 7 Section 8 rents. The project's prime location minutes from Studio City and Universal Studios offers immediate access to major employment centers, transit, and lifestyle amenities, making it ideal for a high-velocity lease up strategy. This presents a rare opportunity for a mission-driven developer to provide high-quality affordable housing in a market with strong demand and a significant supply gap. Plans call for a highly efficient five-story mid-rise building, utilizing Type IIIA construction to optimize cost-effectiveness. The completed project will span ~45,000 SF, featuring a well-balanced unit mix of nine Singles, 75 one-bedrooms, and five two-bedrooms. The site can be delivered RTI, allowing a developer to break ground immediately without entitlement risk. Please contact agents about pricing and to review plans.11031-11035 Aqua Vista St is located a half-mile from the Metro Red Line and walking distance to multiple Metro Local Line bus stops along Vineland Ave. Central location just off the 101 Freeway with a plethora of high-end amenities nearby such as Universal Studios, Lakeside Golf Club, and retailers along Ventura Blvd and Lankershim Blvd. Effective July 1st, 2025, updated rent schedules bring subsidized rents closer to market. Schedule 6 (Moderate 110% AMI) now allows up to $1,927 for studios, $2,202 for one-bedrooms, and $2,477 for two bedrooms. Schedule 9 (Low 80% AMI) permits $2,120 for studios,$2,272 for one-bedrooms, and $2,726 for two-bedrooms. These increases materially improve underwriting and support long-term valuation for fully restricted projects in strong rental submarkets. For developers pursuing maximum yield, Section 8 vouchers may even exceed current LAHD rent limits unlocking a potential path to higher stabilized income. HACLA has also actively encouraged voucher mobility into high-opportunity areas, further supporting this strategy.

Listing Details

Property type: (Lots/Land)
Status: Active
MLS# 25562481
List price is $4,250,000
Beds: 0
Baths: 0
0.30 acres
Lot size: 0.3039
County: Los Angeles
Zoning: LAR3
MLS area: STUD - Studio City

Last Updated: 7/9/2025

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This listing belongs to the STUD - Studio City MLS area

Lat/Long: 34.145225, -118.371231.
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Listing Agent: Neema Ahadian
Lic#: 01801928
Office Name: Sherman Oaks

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Total population of , which has changed by % since 1990.
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Out of households, are families.

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Photo of Jesse Hlubik

Jesse Hlubik REALTORĀ® - Sales Associate 310-890-6928 m
310-890-6928 o
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com
Text Me
Call My Cell
Call My Office
Lic#: 01801928
NRDS ID: 207054480
Jesse@HomeSearchLA.com

Sherman Oaks Office
14141 Ventura Blvd., Ste. 8
Sherman Oaks, CA 91423
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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