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11763 Hamlin St 8 Unit Apartment Building $1,995,000 ($249,375/Unit) 6.97% Cap Rate North Hollywood, CA 91606
INVESTMENT HIGHLIGHTS
- UNIT MIX: SIX 1+1 & TWO 2+2 UNITS
- SIX UNITS HAVE BEEN RECENTLY RENOVATED
- NEW BUILDING AND UNIT NUMBERS
- NEW SURVEILLANCE SYSTEM
- ON-SITE LAUNDRY FOR ADDITIONAL INCOME
- SEPERATELY METERED FOR ELECTRICITY
EXECUTIVE SUMMARY
The unit mix consists of six 1+1 and two 2+2 units. The investment consists of approximately 6,467 of rentable square feet and is situated on an approximately 8,178 square foot parcel. Recent property upgrades include a new surveillance system, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with nine total spaces, a an on-site laundry room for additional income, and the property is separately metered for electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is subject to the Los Angeles Soft-Story Retrofit Program.
The unit mix consists of six 1+1 and two 2+2 units. The investment consists of approximately 6,467 of rentable square feet and is situated on an approximately 8,178 square foot parcel. Recent property upgrades include a new surveillance system, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with nine total spaces, a an on-site laundry room for additional income, and the property is separately metered for electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is subject to the Los Angeles Soft-Story Retrofit Program.
The unit mix consists of six 1+1 and two 2+2 units. The investment consists of approximately 6,467 of rentable square feet and is situated on an approximately 8,178 square foot parcel. Recent property upgrades include a new surveillance system, new exterior lighting, new exterior building and unit numbers, and six of the units have recently been renovated. The building amenities include a large parking area with nine total spaces, a an on-site laundry room for additional income, and the property is separately metered for electricity. The property is subject to City of Los Angeles Rent Stabilization Ordinance and the property is subject to the Los Angeles Soft-Story Retrofit Program.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,995,000 | Building Class | C |
| Price Per Unit | $249,375 | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 6,467 SF |
| Cap Rate | 6.97% | Average Occupancy | 100% |
| Gross Rent Multiplier | 9.47 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1963 |
| Property Type | Multifamily | Parking Ratio | 1.24/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - low- to medium-density housing | ||
| Price | $1,995,000 |
| Price Per Unit | $249,375 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| Gross Rent Multiplier | 9.47 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,467 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.24/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LARD1.5 - low- to medium-density housing |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+2 | 2 | - | - |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 2322-020-035 | Improvements Assessment | $1,113,228 |
| Land Assessment | $754,290 | Total Assessment | $1,867,518 |
PROPERTY TAXES
Parcel Number
2322-020-035
Land Assessment
$754,290
Improvements Assessment
$1,113,228
Total Assessment
$1,867,518
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11763 Hamlin St
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