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11175 Huston Street, North Hollywood, CA 91601

North Hollywood
Local realty services provided by:CENTURY 21 Coastal Properties
11175 Huston Street,North Hollywood, CA 91601
$8,400,000
  • 32 Beds
  • 40 Baths
  • 24,098 sq. ft.
  • Multi-family
  • Active
Listed by: kelly morgan
Office: houze real estate management
MLS#:26668899
Source:CRMLS

Price summary

  • Price:$8,400,000
  • Price per sq. ft.:$348.58

About this home

*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...

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Home facts

  • Year built:1965
  • Listing ID #:26668899
  • Added:3 day(s) ago
  • Updated:March 28, 2026 at 10:34 AM

Rooms and interior

  • Bedrooms:32
  • Total bathrooms:40
  • Living area:24,098 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1965
  • Building area:24,098 sq. ft.
  • Lot area:0.53 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$8,400,000
  • Price per sq. ft.:$348.58

Features and amenities

  • Appliances:Dryer, Washer
  • Laundry features:Dryer, Washer

Parking

  • Parking description:Detached Carport
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