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Marcie Sands

myagentmarcie@gmail.com +1(760) 644-1562

$ 3,995,000

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11314 Martha ST North Hollywood, CA 91601

21 Beds

21 Baths

8,117 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,117 sqft

Price per Sqft $492

MLS Listing ID 26638147

Bedrooms 21

HOA Y/N No

Year Built 2025

Lot Size 7,252 Sqft

Property Description

Welcome to 11314 Martha St a stunning, brand-new construction, non-rent-controlled, five-unit townhome investment in the heart of the NoHo Arts District. This exceptional property is 100% fully leased and occupied by families, contributing to historically lower tenant turnover, with over 88% of rents backed by the Housing Authority of the City of Los Angeles (HACLA). The asset delivers stable, government-guaranteed annual income of $307,428 at an impressive 5.90% cap rate. The property consists of three separate buildings situated on a 7,252 SF lot and offers a highly desirable unit mix: two 5-bedroom / 5-bath townhomes, two 4-bedroom / 4-bath townhomes, and one 3-bedroom / 3-bath ADU, totaling 21 bedrooms across 8,117 SF of premium living space.Major Value-Add Opportunity: Preliminary plans are in place to convert one garage space into two studio units and to construct two detached one-bedroom ADUs on the lot. With HACLA voucher rates in the 91601 zip code at approximately $2,299/month for studios and $2,585/month for one-bedrooms, these additions could generate roughly $90,000 in additional annual income, translating to approximately $1,160,000 in added value at current cap rates. This presents a rare opportunity to acquire a stabilized, cash-flowing asset with meaningful built-in upside. Each three-story townhome features contemporary architecture, abundant natural light, sleek designer finishes, and private balconies. Interior highlights include light oak-tone flooring, modern kitchens with stainless steel appliances and custom cabinetry, stylish designer bathroom tile, and in-unit washer/dryersa rare and highly attractive amenity. Owned solar panels help reduce operating costs, while all utilities are separately metered and tenant-paid, maximizing NOI. Buyer to verify all information, including ADU feasibility.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Garage

Total Parking Spaces 8

Building

Story 3

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 2337038008

Special Listing Condition Standard

Listed by Bahram 'Allen' Amjad KW Westside Estates

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

Colfax Charter Elementary

Public | KG - 5
9

Carpenter Community Charter

Public | KG - 5
9

Theodore Roosevelt Elementary School

Public | KG - 5
9

Robert Louis Stevenson Elementary

Public | KG - 5
8

Rio Vista Elementary School

Public | KG - 5
8

Toluca Lake Elementary

Public | PK - 5
8

Bret Harte Elementary

Public | KG - 5
8

Thomas Edison Elementary

Public | KG - 5
7

Celerity Palmati Charter

Public | KG - 8
7

Providencia Elementary

Public | KG - 5
7

George Washington Elementary

Public | KG - 5
6

Riverside Drive Charter

Public | KG - 5
6

Monlux Elementary School

Public | KG - 5
6

Celerity Cardinal Charter

Public | KG - 8
5

Coldwater Canyon Elementary School

Public | KG - 5
5

Strathern Elementary School

Public | PK - 5
5

Burbank Boulevard Elementary

Public | PK - 5
5

Victory Boulevard Elementary School

Public | KG - 5
5

New Horizons Charter Academy

Public | KG - 8
5

Lankershim Elementary School

Public | KG - 5

Middle Schools 9

7

Walter Reed School

Public | 6 - 8
6

Luther Burbank Middle School

Public | 6 - 8
5

Madison Middle School

Public | 6 - 8
5

Sun Valley Magnet

Public | 6 - 8
4

Roy Romer Middle School

Public | 6 - 8
0

Harvard-Westlake School

Private | 7 - 12
0

Emerson Academy

Private | 6 - 12
0

Off Campus Learning Center

Public | 7 - 12
0

Magnolia Park

Public | 6 - 12

High Schools 11

8

North Hollywood High School

Public | 9 - 12
6

Ulysses Grant High School

Public | 9 - 12
3

East Valley High School

Public | 9 - 12
2

Jack London Community Day

Public | 9 - 12
0

Jack London Continuation

Public | 9 - 12
0

Coldwater Canyon Preparatory

Private | 9 - 12
0

Valley Torah High School

Private | 9 - 12
0

Valley Torah

Private | 9 - 12
0

Valley Torah High School Girls' Division

Private | 9 - 12
0

Amelia Earhart Continuation

Public | 9 - 12
0

Monterey High (Continuation)

Public | 9 - 12

School and business data provided by Attom Data.

Marcie Sands

REALTOR® | CA DRE#01428288

+1(760) 644-1562

Marcie Sands

11314 Martha ST North Hollywood, CA 91601

Key Details

Location

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

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11314 Martha ST