Description
Nestled in the heart of Valley Village within the vibrant North Hollywood submarket, 10814–10818 Blix Street presents a rare opportunity to acquire a boutique, 18-unit low-rise multifamily asset on 0.45 acres. Constructed in 1916 and sensitively renovated in 1953, this 9,435-square-foot property offers an intimate collection of studio and one-bedroom residences averaging 524 square feet, each enhanced by communal outdoor space and private patio seating. With two units currently available for lease-up and an 88.8% occupancy rate, the asset is primed for immediate revenue growth, while its...
Documents
Sale Details
- Cap Rate6.23%
- NOI$283,636
- Return-on-Cost7.38%
- Stabilized Cap Rate6.82%
- Stabilized NOI$310,208
- In-Place Cap Rate6.23%
- In-Place NOI$283,636
- GRM11.47
- Potential GRM10.70
- Cash-on-Cash4.95%
- In-Place Rents1,837
- Market Rents1,969
- Rents Below Market10%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units18
- Available Units2
- Average Unit Size524 SF
- Average Rent1,837 $/mo
- Year Built1916
- Year Renovated1953
- Parking Ratio2.1 per 1000 SF
- ZoningR3-1-Multifamily
Property Details
- Property TypeMultifamily
- Total Units18
- Available Units2
- Average Unit Size524 SF
- Average Rent1,837 $/mo
- Year Built1916
- Year Renovated1953
- Parking Ratio2.1 per 1000 SF
- ZoningR3-1-Multifamily


















Deal Team

Description
Nestled in the heart of Valley Village within the vibrant North Hollywood submarket, 10814–10818 Blix Street presents a rare opportunity to acquire a boutique, 18-unit low-rise multifamily asset on 0.45 acres. Constructed in 1916 and sensitively renovated in 1953, this 9,435-square-foot property offers an intimate collection of studio and one-bedroom residences averaging 524 square feet, each enhanced by communal outdoor space and private patio seating. With two units currently available for lease-up and an 88.8% occupancy rate, the asset is primed for immediate revenue growth, while its...
Documents
Sale Details
- Cap Rate6.23%
- NOI$283,636
- Return-on-Cost7.38%
- Stabilized Cap Rate6.82%
- Stabilized NOI$310,208
- In-Place Cap Rate6.23%
- In-Place NOI$283,636
- GRM11.47
- Potential GRM10.70
- Cash-on-Cash4.95%
- In-Place Rents1,837
- Market Rents1,969
- Rents Below Market10%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units18
- Available Units2
- Average Unit Size524 SF
- Average Rent1,837 $/mo
- Year Built1916
- Year Renovated1953
- Parking Ratio2.1 per 1000 SF
- ZoningR3-1-Multifamily
Property Details
- Property TypeMultifamily
- Total Units18
- Available Units2
- Average Unit Size524 SF
- Average Rent1,837 $/mo
- Year Built1916
- Year Renovated1953
- Parking Ratio2.1 per 1000 SF
- ZoningR3-1-Multifamily
Deal Team

