5-Unit Apartment
11234 Hatteras, North Hollywood, CA 91601
For Sale
$1,250,000
A mix of one-, two-, and three-bedroom apartments sits on a large parcel with a vacant side yard.
Property Size3,893 SF
Lot Size0.30 Acres
Price / SF$321.09
Days on Market154
Property Features for 11234 Hatteras
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Public Transit
Multifamily Units
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Cameron Samimi · License CA #02035763
(310) 425-9838
Source:
Homesbyclearway
Added: Jun 10
Changed: Nov 8
Last Checked: Nov 9 at 4:32PM
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 Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Built in 1924, this five-unit apartment property contains 3,893 square feet of improvements on a 13,077-square-foot lot. The unit mix includes one-, two-, and three-bedroom apartments. A vacant side yard is identified as a potential location for up to five ADUs; any development would require independent verification and approvals.
The property is near the NoHo Arts District, North Hollywood Metro Station, and NOHO West. The planned District NoHo development is also cited in the surrounding area.
The property is near the NoHo Arts District, North Hollywood Metro Station, and NOHO West. The planned District NoHo development is also cited in the surrounding area.
Key Highlights
- Five apartments with a mix of 1-, 2-, and 3‑bedroom units
- 3,893 square feet of existing improvements on a 13,077 SF lot
- Vacant side yard identified as a possible site for up to five ADUs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,641
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,820
$1.3M
Cap Rate 7%
$894,871
$894.9K
Cap Rate 9%
$696,011
$696.0K
Market Conditions
NOI Build-Up for 3,893 SF
Gross rent
$123.8K $31.80/SF
− Vacancy
−$9.9K −$2.54/SF
EGI
$113.9K $29.26/SF
− OpEx
−$51.3K −$13.17/SF
NOI
$62.6K $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%
$1,252,820
Cap Rate 7%
$894,871
Cap Rate 9%
$696,011
Alternative Uses
Best Use
Apartment 5plus
$894.9K
$783.0K – $1.04M
NOI $62,641 @ 7.0% cap · market cap 5.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,901 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,996
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
$961,700
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in North Hollywood, CA
Properties on Market for Apartment buildings in North Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A mix of one-, two-, and three-bedroom apartments sits on a large parcel with a vacant side yard.
Where is this apartment building located?
The property is located at 11234 Hatteras North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Five apartments with a mix of 1-, 2-, and 3‑bedroom units; 3,893 square feet of existing improvements on a 13,077 SF lot; Vacant side yard identified as a possible site for up to five ADUs
