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28201271
28201272

10814 Blix St, Los Angeles, CA 91602 For Sale

FN
CA 01905352
Marcus & Millichap - Encino
GS
CA 01962976
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$4,495,000
253 days on market
Updated 70 days ago

18 Units | North Hollywood / Toluca Lake

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 9,435
Units 18
Cap Rate 6.24%
Price per SqFt $476
Year Built 1916, 1950, 1953
Acreage 0.450
Zoning R3-1

18 Units | North Hollywood / Toluca Lake

Marketing description

The LAAA Team of Marcus & Millichap is pleased to present 10814-10818 Blix Street, now offered at $4,495,000 following a second price reduction. The property offers 18 RSO units across three buildings on one ~0.45-acre lot in North Hollywood. Potential for up to 8 additional ADUs under SB 1211, plus utility bill-back, two-garage, laundry, and storage income above scheduled rents.

• Why the layout matters: 10814, 10816, and 10818 Blix trade as one 18-unit, ~9,435 SF block on a single ~0.45-acre NoHo lot - one parcel, three buildings, one operating footprint.

• ADU upside: Up to 8 additional ADUs under SB 1211 on this R3-1 / TOC Tier 3 site.

• Other income beyond base rent: Utility bill-back, a two-garage lease, on-site laundry, and a storage room layer roughly $19,440/yr of itemized income above scheduled rents.

• Location: Walkable NoHo / North Hollywood - Metro, studios, and daily retail a few minutes out the door.

If this Blix Street property fits how you buy multifamily in Los Angeles, we would welcome a call to tour the property and walk through the deal.

Investment highlights

  • Built in 1916, 1950, & 1953

  • 18 Legal Units Across 3 Buildings

  • Front 2-Bed House Vacant

  • ~10% Upside over Current Rents

  • Partial Redevelopment Option

  • Multiple Extra Income Streams

  • Large 19,500 SqFt Lot Zoned R3

  • Very Good Valley Location

Listing Contacts

FN
CA 01905352
Marcus & Millichap - Encino
GS
CA 01962976
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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