8-Unit Apartment
For Sale
$2,395,000
11130 Huston St, North Hollywood, CA 91601
The residential property pairs a varied unit mix with R3, Tier 3 TOC zoning.
Property Size7,744 SF
Lot Size0.27 Acres
Price / SF$309.27
Days on Market11
Property Features for 11130 Huston St
General Information
Standard status
Active
Size
7,744 SF
Lot size
0.27 Acres
Property subtype
Multi-Family
Zoning
R3
Financials
Asking Price
$2,195,000
Cap Rate
5.92%
Gross Rent Multiplier
10.57
Units
Unit Mix
1 x 3BR/2BA, 4 x 2BR/2BA, 3 x 1BR/1BA
Multifamily Units
8
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1963
Construction
mid-century
Listing Agency:
Remax Commercial and Investment Realty
Listed By:
Eric Dilanian · License #01951699
Source:
Landonrealtygroup
Added: Oct 19
Changed: Oct 28
Last Checked: Sep 9 at 11:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Remax Commercial and Investment Realty
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Investment Insights
Based on property information with market context.
Built in 1963, this apartment property contains 7,744 square feet across 8 units on an 11,627-square-foot lot. The unit mix includes one 3-bedroom, 2-bathroom unit, four 2-bedroom, 2-bathroom units, and three 1-bedroom, 1-bathroom units. The parcel is zoned R3, Tier 3 TOC.
The property is in North Hollywood, a few blocks from the NoHo Arts District and approximately 1 mile from Toluca Lake. Its reported Walk Score is 91.
The property is in North Hollywood, a few blocks from the NoHo Arts District and approximately 1 mile from Toluca Lake. Its reported Walk Score is 91.
Key Highlights
- 8 residential units with a mix of one 3‑bedroom, four 2‑bedroom, and three 1‑bedroom units
- 7,744 square feet of building area on an 11,627‑square‑foot lot
- R3, Tier 3 TOC zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$124,607
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,492,140
$2.5M
Cap Rate 7%
$1,780,100
$1.8M
Cap Rate 9%
$1,384,522
$1.4M
Market Conditions
NOI Build-Up for 7,744 SF
Gross rent
$246.3K $31.80/SF
− Vacancy
−$19.7K −$2.54/SF
EGI
$226.6K $29.26/SF
− OpEx
−$102.0K −$13.17/SF
NOI
$124.6K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,492,140
Cap Rate 7%
$1,780,100
Cap Rate 9%
$1,384,522
Alternative Uses
Best Use
Apartment 5plus
$1.78M
$1.56M – $2.08M
NOI $124,607 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.63M – $4.84M
NOI $290,228 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
3,115
Businesses Nearby
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Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - The residential property pairs a varied unit mix with R3, Tier 3 TOC zoning.
Where is this apartment building located?
The property is located at 11130 Huston St North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 8 residential units with a mix of one 3‑bedroom, four 2‑bedroom, and three 1‑bedroom units; 7,744 square feet of building area on an 11,627‑square‑foot lot; R3, Tier 3 TOC zoning
