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11751 Hart St, North Hollywood, CA 91605

Sale Price: $2,400,000
Aug 22, 202410,350 sqft20 beds20 baths
Listed by: Enrique Viramontes
License #: 01372010
Phone #: 213-233-4363
Remax Commercial and Investment Realty
Source:
CRMLS Logo
MLS #: 24431051

Property Description

We are pleased to present the exclusive sale of the Hart Street Apartments, a remarkable multi-unit property boasting an impressive 11 units. Featuring a desirable mix of 9 spacious two-bedroom, two-bath apartments and 2 one-bedroom, one-bath units, this offering presents an exceptional investment opportunity. Hitting the market for the first time in nearly two decades, this meticulously maintained property showcases impeccable upkeep throughout the owner's tenure. The recently refreshed front landscaping enhances the property's already captivating curb appeal, while tenant amenities such as an on-site laundry room, secure parking with dedicated spaces, completed soft-story retrofit with compliance certification, and secured entry provide added convenience and peace of mind. Ideally situated in a thriving area that has attracted numerous notable corporations, including Target, NoHo West, Starbucks, and Trader Joe's, this property offers unparalleled accessibility to supermarkets, fitness centers, public transportation, hospitals, and schools. With an incredible "TRUE" cap rate of 7.17% and a GRM of 8.75, this highly sought-after investment presents a rare opportunity to capitalize on the market's potential. ALL
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$42,570

TurboHome Estimated Value

$2,619,000

$253 sqft

High Valuation
$2,749,950
$266/sqft
Normal Valuation
$2,619,000
$253/sqft
Low Valuation
$2,488,050
$240/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$253/sqft$2,619,000

Neighborhood: North Hollywood

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Comparative Value

$2.40M

$2.40M

11751 Hart St, North Hollywood, CA 91605

List Price: $2,400,000

Subject Property

11751 Hart St, North Hollywood, CA 91605

Sale Price: $2,400,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
11751 Hart St, North Hollywood, CA 91605

11751 Hart St, North Hollywood, CA 91605

List: $2,400,000

Listed: 8/22/2024

Area:10,350 sqft
Price/sqft:$232
Beds:20
Baths:20
Year Built:
Lot Size:10,965

Comparable Properties

COMPARABLE
Choose comps
11751 Hart St, North Hollywood, CA 91605

11751 Hart St, North Hollywood, CA 91605

Sale: $2,400,000

2/25/20250.00 mi

Area:10,350 sqft
Price/sqft:$232
Beds:20
Baths:20
Year Built:
Weight:100.0%

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