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$ 3,795,000
Est. payment | /mo
21 Beds
21 Baths
8,117 SqFt
$ 3,795,000
Est. payment | /mo
21 Beds
21 Baths
8,117 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,117 sqft
Price per Sqft $467
MLS Listing ID 26997809
Bedrooms 21
HOA Y/N No
Year Built 2025
Lot Size 7,252 Sqft
Property Description
11314 Martha Street presents a rare opportunity to acquire a newly built, fully stabilized five-unit multifamily investment in North Hollywood, just minutes from the NoHo Arts District. Completed in 2025, the property consists of five spacious three-story townhome-style residences totaling 21 bedrooms and 21 bathrooms, and is currently 100% occupied, generating $299,749 in annual rental income with approximately $234,969 NOI and a 6.2% cap rate.Each residence was designed for modern living with spacious open layouts, abundant natural light, private balconies, contemporary kitchens, stainless-steel appliances, designer bathrooms, and in-unit washer/dryers. Owned solar panels and separately metered, tenant-paid utilities help reduce operating expenses and create an efficient, low-maintenance investment.The property offers a highly desirable mix of two 5BD/5BA units, two 4BD/4BA units and one 3BD/3BA unit, along with eight on-site parking spaces. A substantial majority of the current rental income is HACLA-supported, providing additional stability to the existing cash flow. Beyond the strong in-place income, the property offers significant future upside. Preliminary plans contemplate converting garage space into two studio units and constructing two detached one-bedroom ADUs, potentially adding four additional units and materially increasing future income, subject to final approvals and buyer verification.Conveniently positioned near the NoHo Arts District, Metro transit, NOHO West, major freeways, dining, retail and entertainment, 11310 Martha combines newer construction, stabilized cash flow, efficient operations and future development potential in one compelling turnkey investment.BUYER TO VERIFY ALL INFORMATION.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer
Exterior
Parking Features Garage
Total Parking Spaces 8
Building
Story 3
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 2337038008
Special Listing Condition Standard
Listed by Bahram 'Allen' Amjad KW Westside Estates #02108852
Nearby Locations
Moises Salais
Real Estate Broker/Owner License ID: 01997843
+1(818) 430-2878 | moises@dreambigrealty.com