We are pleased to present an eight (8) unit apartment building located at 11275 Huston Street in North Hollywood, California. The subject property is located in a great North Hollywood location, west of Lankershim Boulevard and south of Magnolia Boulevard. Situated in a great North Hollywood location, the property features… Read More a desirable unit mix of five one-bedroom and three two-bedroom units and will be delivered 50% vacant, allowing market rents from day one. The offering provides a strong initial return at a 7.49% cap rate, complemented by great curb appeal, soft-story retrofit completion, and on-site tuck-under parking with an excellent opportunity for ADU conversion. The asset benefits from dominant access to major commercial corridors including Burbank, Lankershim, Vineland, and Tujunga Boulevards, as well as immediate connectivity to the 170 and 101 freeways. Tenants and visitors enjoy proximity to the North Hollywood Recreation Center, the North Hollywood Metro station, and the vibrant NoHo Arts District with theaters, cafes, restaurants, and nightlife. Overall, the property presents a compelling value-add opportunity through the ability to lease or renovate the vacant units and potentially convert the existing tuck-under parking into ADUs, all while benefiting from a strong in-place 7.49% cap rate that provides attractive initial cash flow. Read Less
Property listed by Marcus & Millichap, Jason Tuvia 310-259-7556
Listing Snapshot
Days Online
41
Last Updated
Beds
11
Square Ft.
5,452
Lot Size
0.16 Acres
Year Built
1965
MLS Number
26651469
Additional Details
Building
Built in 1965, Living area: 5452.0, 1 building, Levels: Two
Income
Gross Income: $189,903, Net Operating Income: $133,012
Lot
0.1629 acres
Taxes
Parcel Number: 2353016017, Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Join our email list to have access to the best off market listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Michael Harby
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
