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27023254
27023255

11936 Hart St, North Hollywood, CA 91605

JA
CA CA 01822661
KW Commercial Studio City
MP
CA 01274379
KW Commercial Studio City
Listed by KW Commercial Studio City
$2,450,000
263 days on market
Updated 17 days ago

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

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Listing Contacts

JA
CA CA 01822661
KW Commercial Studio City
MP
CA 01274379
KW Commercial Studio City
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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Additional Information

Name
James Antonucci
License
CA 01822661
Brokerage
KW Commercial Studio City
Brokerage Phone
8183816601
Title
Vice President of Investments
Brokerage Address
4605 Lankershim Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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