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  • Property Type
    MultifamilyProperty Type
  • City
    North HollywoodCity
  • Acres
    ~0.45 acAcres
  • Asking Price
    $4,550,000Asking Price
  • Total Units
    18Total Units
  • In-Place Rents
    $1,837In-Place Rents

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

Offering Summary

  • Asking Price
    $4,550,000
  • Price PSF
    $482
  • Price/Unit
    $252,778

Sale Details

  • Cap Rate
    6.23%
  • NOI
    $283,636
  • Return-on-Cost
    7.38%
  • Stabilized Cap Rate
    6.82%
  • Stabilized NOI
    $310,208
  • In-Place Cap Rate
    6.23%
  • In-Place NOI
    $283,636
  • GRM
    11.47
  • Potential GRM
    10.70
  • Cash-on-Cash
    4.95%
  • In-Place Rents
    1,837
  • Market Rents
    1,969
  • Rents Below Market
    10%

Documents

Property Address

10814-10818 Blix Street
North Hollywood, CA 91602

Property Details

  • Property Type
    Multifamily
  • Total Units
    18
  • Available Units
    2
  • Average Unit Size
    524 SF
  • Average Rent
    1,837 $/mo
  • Year Built
    1916
  • Year Renovated
    1953
  • Parking Ratio
    2.1 per 1000 SF
  • Zoning
    R3-1-Multifamily

Property Details

  • Property Type
    Multifamily
  • Total Units
    18
  • Available Units
    2
  • Average Unit Size
    524 SF
  • Average Rent
    1,837 $/mo
  • Year Built
    1916
  • Year Renovated
    1953
  • Parking Ratio
    2.1 per 1000 SF
  • Zoning
    R3-1-Multifamily

Deal Team

Filip Niculete profile image
Filip Niculete

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

Offering Summary

  • Asking Price
    $4,550,000
  • Price PSF
    $482
  • Price/Unit
    $252,778

Sale Details

  • Cap Rate
    6.23%
  • NOI
    $283,636
  • Return-on-Cost
    7.38%
  • Stabilized Cap Rate
    6.82%
  • Stabilized NOI
    $310,208
  • In-Place Cap Rate
    6.23%
  • In-Place NOI
    $283,636
  • GRM
    11.47
  • Potential GRM
    10.70
  • Cash-on-Cash
    4.95%
  • In-Place Rents
    1,837
  • Market Rents
    1,969
  • Rents Below Market
    10%

Documents

Property Address

10814-10818 Blix Street
North Hollywood, CA 91602

Property Details

  • Property Type
    Multifamily
  • Total Units
    18
  • Available Units
    2
  • Average Unit Size
    524 SF
  • Average Rent
    1,837 $/mo
  • Year Built
    1916
  • Year Renovated
    1953
  • Parking Ratio
    2.1 per 1000 SF
  • Zoning
    R3-1-Multifamily

Property Details

  • Property Type
    Multifamily
  • Total Units
    18
  • Available Units
    2
  • Average Unit Size
    524 SF
  • Average Rent
    1,837 $/mo
  • Year Built
    1916
  • Year Renovated
    1953
  • Parking Ratio
    2.1 per 1000 SF
  • Zoning
    R3-1-Multifamily

Deal Team

Filip Niculete profile image
Filip Niculete
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