We are pleased to present 11314 Martha St, a brand-new construction, NON-RENT-CONTROLLED, five-unit luxury townhome complex LOCATED in the highly desirable NoHo Arts District. Fully leased and OPERATING AT A TURNKEY 6% CAP rate, this stabilized asset delivers a reliable, government-backed annual income of $307,428. The property is 100% OCCUPIED by familiesa demographic historically known for lower turnoverwith over 88% of current rents securely backed by Section 8.Situated on a large 7,252 SF lot, the property consists of three separate, contemporary buildings offering 8,117 SF of premium living space. This offering CONTAINS an incredible unit mix of two 5-bedroom/5-bathroom townhomes, two 4-bedroom/4-bathroom townhomes, and one 3-bedroom/3-bathroom ADU, totaling 21 bedrooms. Each three-story residence features highly functional layouts, contemporary architecture, and high-end designer finishes. Units are equipped with private in-unit washers and dryers, modern kitchens with custom cabinetry and STAINLESS STEEL appliances, stylish bathroom tile, and private balconies.Designed for LOW MAINTENANCE and high efficiency, the property features owned solar panels. All utilities are SEPARATELY METERED and tenant-paid, keeping owner expenses exceptionally low and maximizing your Net Operating Income (NOI). The NoHo Arts District's central location and proximity to major entertainment and job hubs ensure an unrelenting rental demand and investor stability for years to come.MAJOR VALUE-ADD OPPORTUNITY: This property offers incredible upside potential. Because of the expansive lot size and existing layout, the property provides ample room to convert one garage into two studio units and build two ADDITIONAL detached 1-bedroom ADUs. Adding these four extra units and leasing them through Section 8 is a straightforward way to drastically increase monthly rental income and the overall value of the building.This is a rare opportunity to ACQUIRE a pristine, cash-flowing asset with immediate government-backed stability and massive future growth potential.BUYER TO VERIFY ALL INFORMATION.
How many bedrooms does this multi-family home have?
There are 21 bedrooms in this multi-family home at 11310 Martha Street.
Does this multi-family home have parking?
Yes, there are 8 parking spaces available for 11310 Martha Street.
How does 11310 Martha Street compare to other multi-family homes in Noho Arts District?
This multi-family home is listed 59% above the average price for multi-family homes in Noho Arts District and has been on the market for 27 more days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 8,117 sqft.
11310 Martha Street is a 21-bedroom multi-family home for sale in North Hollywood CA 91601. On Prevu for 107 days at $3,945,000. This includes a recent price decrease of $50,000. This property features 8,117 square feet of living space, located in Noho Arts District. The median listing price for multi-family homes in this area is $1,245,000. Property amenities include dishwasher, air conditioning, parking, and washer/dryer. Browse more multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.
