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11175 Huston St
North Hollywood, CA 91601

$8,400,000 USD

Apartments For Sale • 25,596 SF

Property Details

Property Type Apartments
Total Building Size 24,098 SF
Lot Size 0.53 AC
Building Class C
Year Built 1965
Cap Rate 5.39 %
Zoning LAR3

50 Transit Score

70 Walk Score

                
                    Highlights
                
                                Intrinsic Value – Add 18 ADUs (10 attached, 8 detached) with no parking loss; expand to 58 units.
                            
                                9.24% Intrinsic Cap Rate – Full upside after ADU build-out and income optimization.
                            
                                ADU Upside – Projected 7.84% cap, 8.62 GRM, and 20.23% avg annual return post-construction.
                            
                                Current Metrics – $210K/unit, 5.39% cap, 11.13 GRM, with 41% upside (excluding ADUs).
                            
                                Recent Upgrades – Copper plumbing, new roof, new subpanels, upgraded water heaters.
                            
                                Location – Prime NoHo Arts District;  less than 1 mile to Metro; near Universal & Burbank Media District.

Property Flyers

Huston 11175 OM 40U

Cap Rate:

5.39 %

Amenities

24 Hour Access
Air Conditioning
Dishwasher
Laundry Facilities
Tenant Controlled HVAC
Heating
Freezer
Public Transportation
Individual Locking Bedrooms
Walk-Up
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	9 min	-	3.9 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.2 mi
Transit/Subway	Drive	Walk	Distance
North Hollywood Station (Orange Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Bob Hope	10 min	-	4.0 mi
Los Angeles International	34 min	-	23.9 mi
Long Beach (Daugherty Field)	47 min	-	34.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	40
Type:	Covered
Included in Rent:	Yes

Kelly Morgan 310-836-3638 Kelly Morgan Multifamily Group

11175 Huston St North Hollywood, CA 91601