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11234 Hatteras, North Hollywood, CA 91601

North Hollywood
Local realty services provided by:CENTURY 21 Masters
11234 Hatteras,North Hollywood, CA 91601
$1,250,000
  • 9 Beds
  • 6 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: cameron samimi, david lopez
Office: lyon stahl investment real estate, inc.
MLS#:SB26124609
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,250,000

About this home

11234 Hatteras Street presents a rare opportunity to acquire a 5-unit multifamily asset on an expansive 13,077 SF lot in the heart of North Hollywood, one of the San Fernando Valleys most active and evolving rental submarkets. The property consists of 3,893 SF of existing improvements and features a desirable mix of 1, 2, and 3-bedroom units. With in-place rents below projected market levels, the asset offers immediate and long-term upside through rent growth, improved operations, and strategic repositioning. The propertys most compelling value-add opportunity is its significant ADU development potential. The large vacant side yard may provide the opportunity to construct up to five new ADUs, creating substantial additional rental income and long-term value. Illustrative development projections indicate the potential construction of five new 850 SF ADUs, resulting in a projected stabilized 7.0% cap rate and an estimated exit value of approximately $2,650,000, representing roughly...

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Home facts

  • Listing ID #:SB26124609
  • Added:53 day(s) ago
  • Updated:August 01, 2026 at 02:15 PM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:6

Finances and disclosures

  • Price:$1,250,000
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