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11853 Hart St - 11853 Hart St 5 Unit Apartment Building Offered at $1,655,063 CAD at a 5.57% Cap Rate North Hollywood, CA 91605



Investment Highlights
- Great North Hollywood Location
- Individually Metered for Gas & Electric
- Short Distance To Los Angeles Valley College
- On-Site Parking & Laundry
- Quick Access To CA-170 Freeway
- Nearby Shopping/Transit
Executive Summary
Located in the heart of North Hollywood, 11853 Hart St offers an attractive multifamily investment opportunity in one of the San Fernando Valley’s most desirable and high-demand rental markets. This well-situated property benefits from a quiet residential street setting while still providing convenient access to major employment centers, shopping, and transportation throughout the greater Los Angeles area.
The property features a five-unit apartment building comprised entirely of spacious two-bedroom, one-bathroom units (5–2+1). This highly desirable unit configuration appeals to a wide range of renters including families, roommates, and young professionals seeking comfortable living spaces in a central Valley location. Each unit is individually metered for gas and electric, helping reduce owner utility expenses and streamline property management.
Tenants enjoy practical amenities including on-site parking and on-site laundry facilities, both highly valued conveniences in the local rental market. The building’s functional layout and unit mix provide strong rental appeal and long-term tenant stability, making it a solid asset for both seasoned investors and those seeking to expand their portfolio.
The property is located near a variety of neighborhood conveniences including shopping centers, restaurants, grocery stores, and public transportation options. Residents are also just minutes from Los Angeles Valley College, providing consistent rental demand from students, faculty, and staff.
Commuters will appreciate the quick access to the nearby California State Route 170, which connects easily to other major freeways and employment hubs throughout the San Fernando Valley and Los Angeles. The property is also conveniently located near Hollywood Burbank Airport, making travel simple for residents and adding further convenience to the location.
Additional nearby amenities include the Costco Business Center, offering easy access to bulk shopping and everyday necessities. With its excellent North Hollywood location, desirable two-bedroom unit mix, strong rental demand, and proximity to major transportation corridors, 11853 Hart St represents a compelling investment opportunity in a thriving rental market with long-term growth potential.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
The property features a five-unit apartment building comprised entirely of spacious two-bedroom, one-bathroom units (5–2+1). This highly desirable unit configuration appeals to a wide range of renters including families, roommates, and young professionals seeking comfortable living spaces in a central Valley location. Each unit is individually metered for gas and electric, helping reduce owner utility expenses and streamline property management.
Tenants enjoy practical amenities including on-site parking and on-site laundry facilities, both highly valued conveniences in the local rental market. The building’s functional layout and unit mix provide strong rental appeal and long-term tenant stability, making it a solid asset for both seasoned investors and those seeking to expand their portfolio.
The property is located near a variety of neighborhood conveniences including shopping centers, restaurants, grocery stores, and public transportation options. Residents are also just minutes from Los Angeles Valley College, providing consistent rental demand from students, faculty, and staff.
Commuters will appreciate the quick access to the nearby California State Route 170, which connects easily to other major freeways and employment hubs throughout the San Fernando Valley and Los Angeles. The property is also conveniently located near Hollywood Burbank Airport, making travel simple for residents and adding further convenience to the location.
Additional nearby amenities include the Costco Business Center, offering easy access to bulk shopping and everyday necessities. With its excellent North Hollywood location, desirable two-bedroom unit mix, strong rental demand, and proximity to major transportation corridors, 11853 Hart St represents a compelling investment opportunity in a thriving rental market with long-term growth potential.
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.
Property Facts
| Price | $1,655,063 CAD | Property Type | Multifamily |
| Price Per Unit | $331,013 CAD | Building Size | 3,930 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.57% | No. Stories | 2 |
| Gross Rent Multiplier | 11.14 | Year Built | 1953 |
| No. Units | 5 | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $1,655,063 CAD |
| Price Per Unit | $331,013 CAD |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 11.14 |
| No. Units | 5 |
| Property Type | Multifamily |
| Building Size | 3,930 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2321-007-016 | Improvements Assessment | $267,567 CAD |
| Land Assessment | $535,147 CAD | Total Assessment | $802,715 CAD |
Property Taxes
Parcel Number
2321-007-016
Land Assessment
$535,147 CAD
Improvements Assessment
$267,567 CAD
Total Assessment
$802,715 CAD
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11853 Hart St - 11853 Hart St
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