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$ 8,400,000
Est. payment /mo
Active
11175 Huston ST North Hollywood, CA 91601
32 Beds
40 Baths
24,098 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 24,098 sqft
Price per Sqft $348
MLS Listing ID 26668899
Bedrooms 32
HOA Y/N No
Year Built 1965
Lot Size 0.532 Acres
Property Description
*Intrinsic Value* - A rare opportunity to add 18 ADUs (10 attached, 8 detached) without sacrificing any existing parking, bringing the total unit count to 58--significantly enhancing income potential. *9.24% Intrinsic Value Cap Rate* - Reflects the property's full cash flow potential after optimizing all income streams, including the build-out of ADUs and associated construction costs. *ADU Upside Potential* - Upon execution of the ADU development plan, projected metrics include a 7.84% cap rate, 8.62 GRM, and a 20.23% average annual return over five years post-construction. *Current Financial Metrics* - Priced at just $210K per unit, the property currently delivers a 5.39% cap rate and 11.13 GRM, with 41% upside potential, excluding the value-add from proposed ADUs. *Recent Upgrades* - Copper plumbing (2004), new roof (2015), new electrical subpanels (2024), upgraded water heater system (2023). *Location Benefits* - Situated in the prime NoHo Arts District submarket, less than one mile from the North Hollywood Metro Station (Red Line and G Line). Minutes from Universal Studios, the Burbank Media District, and major employers. The area is experiencing sustained growth driven by transit-oriented development, studio expansions, and new mixed-use projects. *Tenant Appeal* - Residents enjoy a walkable lifestyle near the NoHo Arts District's restaurants, coffee shops, studios, and nightlife. With the Metro less than a mile away, the property is highly attractive to young professionals, creatives, and studio employees seeking convenience without the premium pricing of Hollywood. *Walk Score* - Very walkable with a Walk Score of 79. Tenants can live, work, and socialize with minimal reliance on a car.NOTE: This Information is conceptual only. Buyers are advised to conduct a thorough investigation and consult with professionals as to the feasibility of adding ADUs.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Detached Carport
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2353017011
Special Listing Condition Standard
Listed by Kelly Morgan Houze Real Estate Management #01898026
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