11751 Hart Street

North Hollywood, CA 91605

$2,499,000

List Price

20

bed Beds

20

shower Baths

10,350 sqft

straighten / sqft

1964

calendar_month Built

Property Description

We are pleased to present the exclusive sale of the Hart Street Apartments, a remarkable multi-unit property boasting an impressive 11 units. Featuring a desirable mix of 9 spacious two-bedroom, two-bath apartments and 2 one-bedroom, one-bath units, this offering presents an exceptional investment opportunity. Hitting the market for the first time in nearly two decades, this meticulously maintained property showcases impeccable upkeep throughout the owner's tenure. The recently refreshed front landscaping enhances the property's already captivating curb appeal, while tenant amenities such as an on-site laundry room, secure parking with dedicated spaces, completed soft-story retrofit with compliance certification, and secured entry provide added convenience and peace of mind. Ideally situated in a thriving area that has attracted numerous notable corporations, including Target, NoHo West, Starbucks, and Trader Joe's, this property offers unparalleled accessibility to supermarkets, fitness centers, public transportation, hospitals, and schools. With an incredible "TRUE" cap rate of 6.10% and a GRM of 9.55, this highly sought-after investment presents a rare opportunity to capitalize on the market's potential. ALL OFFERS MUST BE SUBMITTED WITH POF AND ARE DUE FRIDAY, AUGUST 30TH, BY 2 PM.

Listing Information

List Price $2,499,000
Status Pending
MLS 24431051
Type Residential Income
Year Built 1964
Lot Size 10,965
Structure Size 10,350
DOM 22
Courtesy Of Remax Commercial and Investment Realty
Listing Agent Enrique Viramontes DRE#01372010
Co-Listing Agent Luis Morales DRE#01485986

Interior Features

Total Bedroom
Bedrooms 20
Total Bathroom
Bathrooms 20

Exterior Information

Maps

Listing information courtesy of: Enrique Viramontes, Luis Morales, Remax Commercial and Investment Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:16 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.