10814 Blix St, North Hollywood, CA 91602

Located in the NoHo–Valley Village neighborhood of North Hollywood, the property at 10814–10818 Blix Street is an 18-unit multifamily asset. The property spans approximately 9,435 square feet across three buildings on a 19,496-square-foot R3-1 lot. The asset includes three structures built between 1916 and 1953, featuring studios, one-bedroom, and two-bedroom units. The property includes a two-bedroom front house that will be delivered vacant. The front house includes a large private patio and in-unit laundry. The unit also includes two on-site parking spaces. In-place rents across the remaining units are approximately 10% below market. All but one of the occupied units participate in a utility bill-back program. There are two on-site garages and one storage room, all of which are currently leased. The property features on-site shared laundry with two washers and two dryers. Residents have access to a common-area patio space. The asset is not subject to the City’s Soft-Story Retrofit Program. Zoned R3-1 with TOC Tier 3 and Transit Priority Area overlays, the property supports a low-impact redevelopment concept. A buyer could remove the front duplex pad and construct an eight-unit, four-story by-right building while maintaining operations for the 16 rear RSO units. The property is centrally located near Magnolia Boulevard, Vineland Avenue, and the Metro B (Red) Line, providing walkable access to retail, dining, and major employment hubs in Universal City, Burbank, and the NoHo Arts District.