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31164271
31164272

11853 Hart St, Los Angeles, CA 91605

JA
CA CA 01822661
KW Commercial Studio City
MP
CA 01274379
KW Commercial Studio City
Listed by KW Commercial Studio City
$1,195,000
77 days on market
Updated 44 days ago

11853 Hart St

Details
APN 2321-007-016
Property Type Multifamily
Sub Type Apartment Building
Square Footage 3,930
Net Rentable (SqFt) 3,930
Units 5
Cap Rate 5.57%
NOI $66,506
Occupancy 100%
Pro-Forma Cap Rate 7.03%
Pro-Forma NOI $83,985
Price per SqFt $304
Class C
Year Built 1953
Buildings 2
Stories 2
Lot Size (SqFt) 8,847
Zoning LAR3
Parking Spaces 5 spaces
Parking Per SqFt 1.27
Ground Lease No

Multifamily | 5 Units | Great NoHo Location

Marketing description

Located in the heart of North Hollywood, 11853 Hart St offers an attractive multifamily investment opportunity in one of the San Fernando Valley’s most desirable and high-demand rental markets. This well-situated property benefits from a quiet residential street setting while still providing convenient access to major employment centers, shopping, and transportation throughout the greater Los Angeles area. The property features a five-unit apartment building comprised entirely of 1 three-bedroom, one- bathroom and 4 spacious two-bedroom, one-bathroom units. This highly desirable unit configuration appeals to a wide range of renters including families, roommates, and young professionals seeking comfortable living spaces in a central Valley location. Each unit is individually metered for gas and electric, helping reduce owner utility expenses and streamline property management. Tenants enjoy practical amenities including on-site parking and on-site laundry facilities, both highly valued conveniences in the local rental market. The building’s functional layout and unit mix provide strong rental appeal and long-term tenant stability, making it a solid asset for both seasoned investors and those seeking to expand their portfolio. The property is located near a variety of neighborhood conveniences including shopping centers, restaurants, grocery stores, and public transportation options. Residents are also just minutes from Los Angeles Valley College, providing consistent rental demand from students, faculty, and staff. Commuters will appreciate the quick access to the nearby California State Route 170, which connects easily to other major freeways and employment hubs throughout the San Fernando Valley and Los Angeles. The property is also conveniently located near Hollywood Burbank Airport, making travel simple for residents and adding further convenience to the location. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

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
$66,506.00
$5,542.17/mo

Valuation Metrics

0
DSCR
5.57%
Cap Rate
5.57%
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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