11324 Huston StLos Angeles, CA 91601

Property Details for 11324 Huston St

Year built

1957

Property size (Sq ft)

4,686 SF

Property type

Residential income properties

Property subtype

Multifamily properties

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.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.1597

Longitude

-118.378

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