5-Unit Townhome-Style Apartment
For Sale
$3,795,000
11314 Martha St, North Hollywood, CA 91601
Five three-story residences combine private balconies, in-unit laundry, owned solar panels, and tenant-paid, separately metered utilities.
Property Size8,117 SF
Price / SF$467.54
Days on Market8
Property Features for 11314 Martha St
General Information
Standard status
Active
Size
8,117 SF
Total Parking Spaces
8
Property subtype
MULTI_FAMILY
Occupancy
100%
Net Operating Income
$234,969
Financials
Cap Rate
6.2%
Gross Income
$299,749
Units
Unit Mix
2 x 5BD/5BA, 2 x 4BD/4BA, 1 x 3BD/3BA
Multifamily Units
5
Additional Details
Public Transit
Yes
Amenities
private balconies
contemporary kitchens
stainless-steel appliances
designer bathrooms
in-unit washer/dryers
owned solar panels
Building Details
Building Size
8,117 SF
Year Built
2025
Buildings
1
Stories
3
Listing Agency:
KW Westside Estates
Listed By:
Bahram 'Allen' Amjad · License #02108852
Source:
Benbelack
Added: Oct 6
Changed: Oct 10
Last Checked: Oct 13 at 3:17AM
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 KW Westside Estates
Investment Insights
Based on property information with market context.
Completed in 2025, this 8,117-square-foot multifamily property contains five three-story townhome-style residences with 21 bedrooms and 21 bathrooms. The unit mix comprises two 5-bedroom/5-bathroom homes, two 4-bedroom/4-bathroom homes, and one 3-bedroom/3-bathroom home. Interiors feature open layouts, private balconies, contemporary kitchens, stainless-steel appliances, designer bathrooms, and in-unit washers and dryers. Owned solar panels and separately metered utilities paid by tenants are also in place. The property is 100% occupied, and a substantial majority of current rental income is HACLA-supported. The stated capitalization rate is 6.2%.
Eight parking spaces are available on site. The property is near the NoHo Arts District, Metro transit, NOHO West, major freeways, dining, retail, and entertainment. Preliminary plans propose converting garage space to two studio units and adding two detached one-bedroom ADUs. These concepts would add four units if completed, subject to final approvals and buyer verification.
Eight parking spaces are available on site. The property is near the NoHo Arts District, Metro transit, NOHO West, major freeways, dining, retail, and entertainment. Preliminary plans propose converting garage space to two studio units and adding two detached one-bedroom ADUs. These concepts would add four units if completed, subject to final approvals and buyer verification.
Key Highlights
- Five townhome‑style residences totaling 21 bedrooms and 21 bathrooms
- Unit mix: two 5BD/5BA, two 4BD/4BA, and one 3BD/3BA
- 8,117 square feet; completed in 2025
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$130,609
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,612,180
$2.6M
Cap Rate 7%
$1,865,843
$1.9M
Cap Rate 9%
$1,451,211
$1.5M
Market Conditions
NOI Build-Up for 8,117 SF
Gross rent
$258.1K $31.80/SF
− Vacancy
−$20.6K −$2.54/SF
EGI
$237.5K $29.26/SF
− OpEx
−$106.9K −$13.17/SF
NOI
$130.6K $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%
$2,612,180
Cap Rate 7%
$1,865,843
Cap Rate 9%
$1,451,211
Alternative Uses
Best Use
Apartment 5plus
$1.87M
$1.63M – $2.18M
NOI $130,609 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.35M
$3.80M – $5.07M
NOI $304,207 @ 7.0% cap · market cap 8.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,300
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 - Five three-story residences combine private balconies, in-unit laundry, owned solar panels, and tenant-paid, separately metered utilities.
Where is this apartment building located?
The property is located at 11314 Martha St North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,795,000.
What are key features of this property?
This property features: Five townhome‑style residences totaling 21 bedrooms and 21 bathrooms; Unit mix: two 5BD/5BA, two 4BD/4BA, and one 3BD/3BA; 8,117 square feet; completed in 2025
