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$ 2,395,000
Est. payment | /mo
7,744 SqFt
$ 2,395,000
Est. payment | /mo
7,744 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,744 sqft
Price per Sqft $309
MLS Listing ID CL26841001
HOA Y/N No
Year Built 1963
Lot Size 0.267 Acres
Acres 0.2669
Property Sub-Type Other
Property Description
We are proud to present a compelling 8-unit investment opportunity on an oversized 11,627 SF lot in a Prime North Hollywood location just blocks to the NoHo Arts District Hot Spots and ~1 Mile from Toluca Lake. The property is offered for sale for the first time in ~40 Years! The property is delivered with a vacant, oversized 3-bedroom / 2-bath owner's unit totaling 1,568 SF, providing immediate rental upside, an ideal owner-user scenario, or a premium renovation opportunity to push rents quickly. Coupled with an expansive lot and favorable zoning, the asset offers multiple paths to value creation, including the potential development of ADUs (Buyer to verify feasibility). Situated at 11130 Huston Street, this stunning 1963 mid-century construction features a strong and desirable unit mix comprised of (1) 3Bed / 2 Bath owner's unit, (4) 2 Bed / 2 Bath units, and (3) 1 Bed / 1 Bath units. The improvements total 7,744 SF and are located on an R3, Tier 3 TOC-zoned parcel, positioning the property for long-term density upside, redevelopment optionality, and accelerated appreciation. The oversized footprint and high-density zoning significantly differentiate this offering from competing assets in the submarket, making it an exceptional candidate for ADU development and future repositioning. Tucked on a quiet, well-kept street yet steps from premier retail, dining, and entertainment, the property boasts a Walk Score of 91 ("Walker's Paradise"), a key driver of tenant demand and rent growth. This is a rare opportunity to acquire scale, land, and zoning leverage in one of Los Angeles' most desired and rent-resilient rental markets, offering investors immediate upside, multiple exit strategies, and long-term wealth creation potential. **Disclosure:** Buyers are advised to conduct thorough due diligence, including verification of building square footage, unit count, lot size, legalbedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility ofconstructing ADUs, additional units, and/or development feasibly.**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace, Other
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 2353020029
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Listed by Eric Dilanian • Remax Commercial and Investment Realty
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