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$ 2,195,000
Est. payment /mo
Active
11130 Huston Street North Hollywood (los Angeles), CA 91601
7,744 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,744 sqft
Price per Sqft $283
MLS Listing ID CL26841001
HOA Y/N No
Year Built 1963
Lot Size 0.267 Acres
Acres 0.2669
Property Sub-Type Other
Property Description
** PRICE CORRECTION BY $200K - NOW $2,195,000 ** 10.57 GRM, 5.92% CAP RATE AND $283/SF ON DAY ONE. We are proud to present a compelling 8-unit investment opportunity on an oversized 11,627 SF lot in a Prime North Hollywood location just blocks to the NoHo Arts District Hot Spots and ~1 Mile from Toluca Lake. The property is offered for sale for the first time in ~40 Years! Situated at 11130 Huston Street, this stunning 1963 mid-century construction features a strong and desirable unit mix comprised of (1) 3 Bed / 2 Bath owner's unit, (4) 2 Bed / 2 Bath units, and (3) 1 Bed / 1 Bath units. The improvements total 7,744 SF and are located on an R3, Tier 3 TOC-zoned parcel, positioning the property for long-term density upside, redevelopment optionality, and accelerated appreciation (Buyer to verify feasibility).The oversized footprint and high-density zoning significantly differentiate this offering from competing assets in the submarket, making it a candidate for ADU development and future repositioning (Buyer to Verify). Tucked on a quiet, well-kept street yet steps from premier retail, dining, and entertainment, the property boasts a Walk Score of 91 ("Walker's Paradise"), a key driver of tenant demand and rent growth. This is a rare opportunity to acquire scale, land, and zoning leverage in one of Los Angeles' most desired and rent-resilient rental markets, offering investors immediate upside, multiple exit strategies, and long-term wealth creation potential.**DISCLOSURE:** Buyers are advised to conduct independent thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly. **DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace, Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 2353020029
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Listed by Eric Dilanian • Remax Commercial and Investment Realty
NEARBY SCHOOL & BUSINESS