11314 Martha Street, North Hollywood, CA 91601
Local realty services provided by:ERA Excel Realty
11314 Martha Street,North Hollywood, CA 91601
$3,795,000
- 21 Beds
- 21 Baths
- 8,117 sq. ft.
- Multi-family
- Active
Listed by: bahram 'allen' amjad
Office: kw westside estates310-482-2200
MLS#:26997809
Source:CRMLS
Price summary
- Price:$3,795,000
- Price per sq. ft.:$467.54
About this home
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....
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Home facts
- Year built:2025
- Listing ID #:26997809
- Added:21 day(s) ago
- Updated:October 28, 2026 at 12:01 PM
Rooms and interior
- Bedrooms:21
- Total bathrooms:21
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:8,117 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:8,117 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$3,795,000
- Price per sq. ft.:$467.54
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
Parking
- Total parking spaces:8
- Parking description:Garage
- Garage:Yes
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