11324 Huston StLos Angeles, CA 91601

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.