10814-10818 Blix Street — Sale in North Hollywood, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: North Hollywood, CA 91602

Investment Figures

Cap rate
6.24%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present 10814–10818 Blix Street, an 18-unit multifamily property in the desirable NoHo–Valley Village neighborhood of North Hollywood. Spanning approximately 9,435 square feet across three buildings on a 19,496-square-foot R3-1 lot, the property offers a blend of stable income, immediate leasing upside, and long-term zoning potential in a high-demand, transit-oriented area. While the title reflects 17 units, permit documentation verifies 18 legal units under the Los Angeles Rent Stabilization Ordinance (RSO). The asset includes three structures built between 1916 and 1953, featuring studios, one-bedrooms, and two-bedrooms — including a two-bedroom front house that will be delivered vacant at close of escrow. The front house is clean and functional with older interiors — ideal for renovation or family occupancy — and includes a large private patio and in-unit laundry. Buyers may either reposition the unit for an estimated $3,800/month market rent or use it for personal or family purposes. The unit also includes two on-site parking spaces and will remain vacant at close for showing flexibility. In-place rents across the remaining units are approximately 10% below market, offering natural upside through turnover and light upgrades. The property also benefits from several supplemental income sources. All but one of the occupied units participate in a utility bill-back program, reducing owner expenses and boosting cash flow. There are two on-site garages and one storage room, all of which are currently leased for additional monthly income. In addition, the property features on-site shared laundry with two washers and two dryers, providing an extra revenue stream for ownership. The front house has its own in-unit laundry and does not share the common facilities. Residents enjoy access to a common-area patio space, providing a welcoming outdoor amenity that enhances the community feel of the property. LADBS confirms that the asset is not su

Market Context

This multifamily in North Hollywood, CA is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 85 days. Compare it against other multifamily listings for sale in North Hollywood, CA — view the full market.

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