11175 Huston St, North Hollywood, CA, 91601
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Property Details
32
40
Multi-Family
Description
Property Details: • Type: Multi-Family • Bedrooms: 32 • Bathrooms: 40 • Square Feet: 24098 • Lot/Size: 23,190 sqft lot
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
Location
Address
11175 Huston St, North Hollywood, CA, 91601
City
North Hollywood
Features and Finishes
Year Built: 1965; [object Object]; [object Object]; [object Object]
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