Property Detail

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.