Skip to main content

Multifamily

11223 Huston St

11223 Huston St, North Hollywood, CA 91601

Listing Price: $1,625,000

Cap Rate
4.06%
Number of Units
6
GRM
13.75
Price/Unit
$270,833
Price/Gross SF
$316.76
Gross SF
5,130

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 11223 Huston Street, a six-unit multifamily property located in North Hollywood, CA. Situated near the intersection of Camarillo Street, Lankershim Boulevard, and Vineland Avenue, the property sits squarely within the southern portion of the famous NoHo Arts District. Here tenants can enjoy all of the trendiest bars and restaurants, along with the numerous shops and boutiques, within blocks of the building.

With the building not appearing on the LADBS seismic retrofit list (Buyer to verify), a new owner may be saved from an otherwise major expense as they move to capitalize on the approximately 28% in rent upside. On-site parking and laundry facilities may present additional avenues for income as well.

Both Studio City and Toluca Lake are mere blocks from the property, allowing tenants to easily enjoy the high-end amenities that both neighborhoods have to offer. North Hollywood Park, one of the most popular and prominent recreation centers in the entire San Fernando Valley, is only two blocks from the building. Tenants also benefit from a more convenient commute, as the large North Hollywood Metro Station, which connects the Metro Red and Orange Lines, is only four blocks north. At that same location, the Los Angeles Metro is currently working to develop a new 16-acre mixed-use project that could add even more amenities to the immediate neighborhood.

Investment Highlights

  • Prime NoHo Arts District Location
  • Blocks from Toluca Lake and Studio City
  • Opportunity to Add Value – Current Rents Approximately 28% Below Market
  • Not on LADBS Seismic Retrofit List (Buyer to Verify)
  • Zoned LAR3-1 with a Tier 3 TOC Designation
  • Close to North Hollywood Metro Station – Main Junction for Metro Red and Orange Lines
  • Short Walk to Trendy Bars and Eclectic Restaurants Along Lankershim Boulevard
  • Four Blocks from Upcoming 16-Acre Mixed-Use District NoHo Development Project

Exclusively Listed By

Financing By

Multifamily

11223 Huston St

Listing Price: $1,625,000

Cap Rate
4.06%
Number of Units
6
GRM
13.75
Price/Unit
$270,833
Price/Gross SF
$316.76
Gross SF
5,130

Investment Highlights

  • Prime NoHo Arts District Location
  • Blocks from Toluca Lake and Studio City
  • Opportunity to Add Value – Current Rents Approximately 28% Below Market
  • Not on LADBS Seismic Retrofit List (Buyer to Verify)
  • Zoned LAR3-1 with a Tier 3 TOC Designation
  • Close to North Hollywood Metro Station – Main Junction for Metro Red and Orange Lines
  • Short Walk to Trendy Bars and Eclectic Restaurants Along Lankershim Boulevard
  • Four Blocks from Upcoming 16-Acre Mixed-Use District NoHo Development Project

Investment Overview

Marcus & Millichap is pleased to announce the opportunity to purchase 11223 Huston Street, a six-unit multifamily property located in North Hollywood, CA. Situated near the intersection of Camarillo Street, Lankershim Boulevard, and Vineland Avenue, the property sits squarely within the southern portion of the famous NoHo Arts District. Here tenants can enjoy all of the trendiest bars and restaurants, along with the numerous shops and boutiques, within blocks of the building. With the building not appearing on the LADBS seismic retrofit list (Buyer to verify), a new owner may be saved from an otherwise major expense as they move to capitalize on the approximately 28% in rent upside. On-site parking and laundry facilities may present additional avenues for income as well. Both Studio City and Toluca Lake are mere blocks from the property, allowing tenants to easily enjoy the high-end amenities that both neighborhoods have to offer. North Hollywood Park, one of the most popular and prominent recreation centers in the entire San Fernando Valley, is only two blocks from the building. Tenants also benefit from a more convenient commute, as the large North Hollywood Metro Station, which connects the Metro Red and Orange Lines, is only four blocks north. At that same location, the Los Angeles Metro is currently working to develop a new 16-acre mixed-use project that could add even more amenities to the immediate neighborhood.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower