For Sale
$3,599,000

11344 Hatteras St Los Angeles, CA 91601

5-Unit Multifamily, High Cap Rate

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
Exceptional investment opportunity in Los Angeles' NoHo Arts District. This newly constructed (2023) two-building apartment complex boasts five units, each commanding $719,800. The property features a remarkable 7.99% cap rate and a strong NOI of $287,400. With a total of 7,800 square feet, the complex offers desirable amenities including 16-foot vaulted ceilings, multi-zone air conditioning, on-demand water heaters, and rooftop decks equipped with BBQs, sinks, and natural gas lines. Ten parking spaces are available, and the property is fully gated. The permitted zoning is RD1.5. This stabilized investment, situated on 11344 Hatteras St, Los Angeles, CA 91601 (APN 2337036023), presents a rare chance to acquire a high-quality, income-producing asset in a thriving neighborhood. The four-story buildings offer a luxurious living experience, promising strong rental income and potential for appreciation. This is a turnkey opportunity for discerning investors seeking a premium multifamily property in a prime location.

Highlights

  • $3,599,000 asking price for a stabilized multifamily investment.
  • 7,800 square feet, 5 units, and a 7.99% cap rate.
  • $287,400 Net Operating Income (NOI).
  • Built in 2023, featuring two 4-story buildings with 10 parking spaces.
  • Located in the NoHo Arts District of Los Angeles, CA, at 11344 Hatteras St, 91601.

Property Details for 11344 Hatteras St

Property type
Apartment buildings
Square Feet
7,800 SF
Year Built
2023
Buildings
2
Stories
4
Units
5

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.1756307
Longitude
-118.3783409

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FAQs

What type of property is this?
Apartment building - 5-Unit Multifamily, High Cap Rate
Where is the apartment building located?
The property is located at 11344 Hatteras St Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,599,000.
What are key features of this property?
This property features: $3,599,000 asking price for a stabilized multifamily investment.; 7,800 square feet, 5 units, and a 7.99% cap rate.; $287,400 Net Operating Income (NOI).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Shaya Lowenstein
Visit Broker Website

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Hatteras St
Los Angeles, CA 91601

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Hatteras St
Los Angeles, CA 91601

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

11344 Hatteras St
  • Shaya Lowenstein
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