Listed price in listed location currency (USD).
$3,795,000

21218

MLS® 26997809

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Residential Income
Size 8117 sqft
Garage Yes
Taxes 
Days Active 1
Lot Size 0.1665 Acres
Approx. Age 2025
Avg. Price Per Sqft $467
MLS® Number 26997809

Property Address: 11314 Martha St, North Hollywood, CA, 91601-1813

Average square foot calculated using Size range provided by listing agent.

Description

11314 Martha Street presents a rare opportunity to acquire a newly built, fully stabilized five-unit multifamily investment in North Hollywood, just minutes from the NoHo Arts District. Completed in 2025, the property consists of five spacious three-story townhome-style residences totaling 21 bedrooms and 21 bathrooms, and is currently 100% occupied, generating $299, 749 in annual rental income with approximately $234, 969 NOI and a 6.2% cap rate.Each residence was designed for modern living with spacious open layouts, abundant natural light, private balconies, contemporary kitchens, stainless-steel appliances, designer bathrooms, and in-unit washer/dryers. Owned solar panels and separately metered, tenant-paid utilities help reduce operating expenses and create an efficient, low-maintenance investment.The property offers a highly desirable mix of two 5BD/5BA units, two 4BD/4BA units and one 3BD/3BA unit, along with eight on-site parking spaces. A substantial majority of the current rental income is HACLA-supported, providing additional stability to the existing cash flow. Beyond the strong in-place income, the property offers significant future upside. Preliminary plans contemplate converting garage space into two studio units and constructing two detached one-bedroom ADUs, potentially adding four additional units and materially increasing future income, subject to final approvals and buyer verification.Conveniently positioned near the NoHo Arts District, Metro transit, NOHO West, major freeways, dining, retail and entertainment, 11310 Martha combines newer construction, stabilized cash flow, efficient operations and future development potential in one compelling turnkey investment.BUYER TO VERIFY ALL INFORMATION.
MLS® Number26997809
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age2025
Basement
DrivewayGarage
Garage Spaces
HeatCentral
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Oct 6, 2026List Date
$3,795,000List Price
  • Commute

Commute

Starting Address
Destination Address
11314 Martha St, North Hollywood, CA

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