8-Unit Apartment
For Sale
$2,395,000
11130 Huston St, North Hollywood, CA 91601
Residential Income, North Hollywood, CA
Property Size7,744 SF
Lot Size0.27 Acres
Price / SF$309.27
Days on Market100
Property Features for 11130 Huston St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR3
Bedrooms
14
Bathrooms
13
Full bathrooms
5
Rooms
Bathroom 13, Bedroom 9, Bathroom 5, Bathroom 8, Bedroom 11, Bathroom 6, Bedroom 1, Bedroom 8, Bedroom 12, Bedroom 5, Bathroom 1, Bedroom 13, Bedroom 6, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 12, Bedroom 4, Bathroom 7, Bedroom 10, Bathroom 9, Bathroom 10, Bedroom 2, Bathroom 11, Bathroom 4, Bedroom 14, Bedroom 7
Parking
8
Parking features
Garage, Carport
Directions
From the 170 Freeway, exit at Magnolia Blvd and head west. Turn right on Vineland Ave, then left on Huston St. Property is located on the south side of the street near the intersection of Vineland Ave and Huston St, in the North Hollywood/NoHo Arts District area. Approximately 0.8 miles from the North Hollywood Metro Station
Subdivision
North Hollywood
Standard status
Active
APN
2353-020-029
Size
7,744 SF
Lot size
0.27 Acres
Utilities
Heating system
Central
Cooling system
Wall/Window Unit(s), Central Air
Building Details
Year built
1963
Floors in Building
2
Number of units
8
Listing Agency:
Remax Commercial and Investment Realty · RE/MAX International
(213) 817-1000
Listed By:
Eric Dilanian · License #01951699
(213) 233-4379
Added: Jun 1
Changed: Sep 4
Last Checked: Sep 8 at 1:06AM
MLS# 26841001
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 8-unit apartment property includes 7,744 square feet of improvements on an 11,627-square-foot lot. The unit configuration consists of one 3-bedroom, 2-bathroom unit, four 2-bedroom, 2-bathroom units, and three 1-bedroom, 1-bathroom units. The vacant owner’s unit contains 1,568 square feet and includes three bedrooms and two bathrooms. Built in 1963, the property has central heating, central air, and wall/window cooling units, with carport and garage parking features.
The property is located at 11130 Huston St in North Hollywood, California, near the NoHo Arts District and approximately 1 mile from Toluca Lake. The surrounding area includes retail, dining, and entertainment, and the property has a reported Walk Score of 91. Buyers should independently verify building size, unit details, parking, zoning, and development feasibility during due diligence.
The property is located at 11130 Huston St in North Hollywood, California, near the NoHo Arts District and approximately 1 mile from Toluca Lake. The surrounding area includes retail, dining, and entertainment, and the property has a reported Walk Score of 91. Buyers should independently verify building size, unit details, parking, zoning, and development feasibility during due diligence.
Key Highlights
- 8‑unit apartment property with 7,744 SF of improvements
- 11,627 SF lot measuring 0.267 acres
- Unit mix includes 1 three‑bedroom, 2‑bathroom unit; 4 two‑bedroom, 2‑bathroom units; and 3 one‑bedroom, 1‑bathroom units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$124,607
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,115
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with a vacant three-bedroom owner’s unit and a diversified unit mix.
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‑unit apartment property with 7,744 SF of improvements; 11,627 SF lot measuring 0.267 acres; Unit mix includes 1 three‑bedroom, 2‑bathroom unit; 4 two‑bedroom, 2‑bathroom units; and 3 one‑bedroom, 1‑bathroom units
