Listed by KW Commercial Studio City
$2,450,000
11936 Hart St
Details
APN 2321012005
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,826
Net Rentable (SqFt) 7,826
Units 12
Cap Rate 5.37%
NOI $131,599
Occupancy 100%
Pro-Forma Cap Rate 7.81%
Pro-Forma NOI $191,327
Price per SqFt $313
Class C
Year Built 1965
Buildings 1
Stories 2
Acreage 0.207
Zoning Public Rec
Sale Condition For sale by owner
Multifamily Apartment | 12 Units | Rental Upside
Marketing description
Welcome to 11936 Hart St, a well-maintained 12-unit apartment community situated in the heart of North Hollywood, one of the San Fernando Valleys most dynamic and high-demand rental markets. This exceptional property offers an ideal investment opportunity with a desirable unit mix consisting of 4 Bachelors, 4 One-Bedroom/One-Bath units, and 4 Two-Bedroom/One-and-a-Half-Bath units, appealing to a wide range of renters. The property sits on a corner lot and features a secure, gated entry, providing residents with both comfort and peace of mind. Amenities include on-site gated parking and a convenient on-site laundry facility, enhancing tenant satisfaction and long-term stability. Each unit is individually metered for gas and electricity, ensuring efficient management and reduced ownership expenses. Located in a prime North Hollywood location, the property benefits from excellent accessibility. Just a short distance to the CA-170 and I-5 freeways, residents enjoy easy commutes throughout Los Angeles. The property is also near major conveniences including the Costco Business Center, Home Depot, and numerous shopping and dining options. For those who travel frequently, the Hollywood Burbank Airport is only minutes away, while public transit options are readily accessible for local commuters. With its strong rental demand, gated security features, on-site amenities, and unbeatable location, 11936 Hart St stands out as a rare opportunity for investors seeking a stable, income-producing asset in a thriving neighborhood. This is an excellent chance to acquire a high-performing multi
Investment highlights
Great North Hollywood Location
Unit Mix: 4-Bachelors | 4-1+1 | 4-2+1.5
Secure/Gated Entry
Nearby Shopping/Transit
On-Site Gated Parking
On-Site Laundry
Corner Lot
Individually Metered For Gas & Electric
High Demand Rental Location
Short Distance To CA-170 & I-5 Freeways
Costco Business Center & Home Depot Nearby
Short Distance To Burbank Airport
Listing Contacts
Listed by KW Commercial Studio City
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$131,599.00
$10,966.58/mo
Valuation Metrics
0
DSCR
5.37%
Cap Rate
5.37%
ROI
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