We are pleased to present for sale a charming duplex brimming with character located in the highly desirable Noho Arts District of North Hollywood! Each unit is a spacious 2 bedroom/1 bath, with one unit paying $2,850/month and the second paying $1,780/month. Lot size is approximately 6,591 sqft & zoned LARD 1.5, meaning a developer may build 4 units by right. Lot dimensions are approximately 55 by 118 ft. Perfect also for an Owner-User: live in one unit & rent the other out OR rent existing units for income + build 2 brand new units or ADU's in the garage area! Also an excellent candidate for an ED 1 fully affordable housing project: 33 foot height bonus, no parking required, and unlimited density! (Buyer to verify). Great place to park 1031 exchange funds in a superb location. Lots of options with this property. The subject property is situated just steps away from the heart of the Noho Arts District, including all the most popular bars & eateries, restaurants, movie theaters, shopping, and transportation (Noho Red Line/Orange Line Station + Metro!!) Do NOT disturb current tenants. Interior inspection subject to an accepted offer. Buyer to verify all zoning and square footage with LADBS. Do not wait for this opportunity to pass!!