11314 Martha Street

North Hollywood, CA 91601

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.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.