11314 Martha Street, North Hollywood, CA 91601
Local realty services provided by:CENTURY 21 Synergia Realty
11314 Martha Street,North Hollywood, CA 91601
$3,995,000
- 21 Beds
- 21 Baths
- 8,117 sq. ft.
- Multi-family
- Active
Listed by: bahram 'allen' amjad
Office: kw westside estates
MLS#:26638147
Source:CRMLS
Price summary
- Price:$3,995,000
- Price per sq. ft.:$492.18
About this home
Welcome to 11314 Martha St a stunning, brand-new construction, non-rent-controlled, five-unit townhome investment in the heart of the NoHo Arts District. This exceptional property is 100% fully leased and occupied by families, contributing to historically lower tenant turnover, with over 88% of rents backed by the Housing Authority of the City of Los Angeles (HACLA). The asset delivers stable, government-guaranteed annual income of $307,428 at an impressive 5.90% cap rate. The property consists of three separate buildings situated on a 7,252 SF lot and offers a highly desirable unit mix: two 5-bedroom / 5-bath townhomes, two 4-bedroom / 4-bath townhomes, and one 3-bedroom / 3-bath ADU, totaling 21 bedrooms across 8,117 SF of premium living space.Major Value-Add Opportunity: Preliminary plans are in place to convert one garage space into two studio units and to construct two detached one-bedroom ADUs on the lot. With HACLA voucher rates in the 91601 zip code at approximately $2,299/month for studios and $2,585/month for one-bedrooms, these additions could generate roughly $90,000 in additional annual income, translating to approximately $1,160,000 in added value at current cap rates. This presents a rare opportunity to acquire a stabilized, cash-flowing asset with meaningful built-in upside. Each three-story townhome features contemporary architecture, abundant natural light, sleek designer finishes, and private balconies. Interior highlights include light oak-tone flooring, modern kitchens with stainless steel appliances and custom cabinetry, stylish designer bathroom tile, and in-unit washer/dryersa rare and highly attractive amenity. Owned solar panels help reduce operating costs, while all utilities are separately metered and tenant-paid, maximizing NOI. Buyer to verify all information, including ADU feasibility.
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Home facts
- Year built:2025
- Listing ID #:26638147
- Added:44 day(s) ago
- Updated:March 01, 2026 at 11:33 AM
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
Structure and exterior
- Year built:2025
- Building area:8,117 sq. ft.
- Lot area:0.17 Acres
Finances and disclosures
- Price:$3,995,000
- Price per sq. ft.:$492.18
Features and amenities
- Appliances:Dishwasher, Dryer, Washer
- Laundry features:Dryer, Washer
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