11324 Huston St Los Angeles, CA 91601
- Apartment buildings
- 4,686 SF
Current Use by Public Records
- MOBILE SERVICES ONLY! - Notary Livescan LA Traveling Mobile Services / Notary Public / Fingerprinting Service
Property Details for 11324 Huston St
- Year built
- 1957
- Property size
- 4,686 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 9-unit apartment building in desirable North Hollywood, CA. Located at 11324 Huston Street, this Class B property boasts 4,686 square feet of rentable space, spread across nine one-bedroom, one-bathroom units, each averaging 520 square feet. Built in 1957, the building sits on a substantial 6,911 square foot lot, offering potential for expansion, such as adding up to two Accessory Dwelling Units (ADUs). The property enjoys a strong rental market with a high occupancy rate and significant upside potential, estimated at over 53%. With a current Net Operating Income (NOI) of $80,437 and an asking price of $1,900,000, this translates to a 4.23% cap rate and a price per unit of $211,111. The property's convenient location offers a Walk Score of 83 ("Very Walkable"), placing residents near a variety of shopping, dining, and entertainment options. This is a rare chance to acquire a well-situated multifamily asset in a thriving Los Angeles neighborhood. The property's APN is 2353-023-014. This is a value-add opportunity for a savvy investor seeking strong returns in a prime location. The property is situated in Los Angeles County, California, zip code 91601.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.378
- Latitude
- 34.1597
