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11234 Hatteras

North Hollywood, CA 91601
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Bed 0

Bed

Bath 0

Bath

SqFt3,893

Sqft

SqFt13,081

Sqft(Lot)

11234 Hatteras Street presents a rare opportunity to acquire a 5-unit multifamily asset on an expansive 13,077 SF lot in the heart of North Hollywood, one of the San Fernando Valley’s most active and evolving rental submarkets. The property consists of 3,893 SF of existing improvements and features a desirable mix of 1, 2, and 3-bedroom units. With in-place rents below projected market levels, the asset offers immediate and long-term upside through rent growth, improved operations, and strategic repositioning. The property’s most compelling value-add opportunity is its significant ADU development potential. The large vacant side yard may provide the opportunity to construct up to five new ADUs, creating substantial additional rental income and long-term value. Illustrative developmen t projections indicate the potential construction of five new 850 SF ADUs, resulting in a projected stabilized 7.0% cap rate and an estimated exit value of approximately $2,650,000, representing roughly $400,000 in potential value creation before any additional upside achieved through repositioning the existing units. Based on the seller’s preliminary assumptions, the project could potentially generate a 156% return on equity over an estimated 18-month period utilizing 90% LTV financing. Buyer to independently verify all development costs, financing assumptions, rental projections, cap rates, timelines, and projected returns. The location further strengthens the investment story. The property is positioned near the NoHo Arts District, North Hollywood Metro Station, NOHO West, and the planned District NoHo development, a transformative transit-oriented mixed-use project expected to bring new housing, retail, office space, public open areas, and enhanced transit infrastructure to the neighborhood. As North Hollywood continues to attract new investment, residents, employers, and entertainment venues, 11234 Hatteras Street offers investors a unique combination of stable in-place income, rental upside, and exceptional ADU-driven development potential.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,250,000

AD Id : 81922918

MLS Id : SB26124609

Lot Size : 13,081 Sqft

Living Area Size : 3,893

Year Built : 1924

Garage : 4

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1924
    Building Area Total: 3893
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 13081 Lot Size Acres: 0.3003 Lot Size Source: Assessor Lot Size Square Feet: 13,081 Lot Description: 0-1 Unit/Acre,Corner Lot,Front Yard,Near Public Transit,Paved,Value In Land,Yard

  • Listing Price Information

    Listing Price: $1250000
    Cash, Conventional

  • Tax Information

    Parcel Number: 2337033001 Tax Lot: 6

  • Parking Information

    Parking Total: 4 Assigned, Driveway, Garage Faces Front, Garage, Paved, Private

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: From the 101 Freeway, exit Tujunga Ave. Head north on Tujunga Ave, then turn right on Hatteras St. Property is located on Hatteras St near Vineland Ave/Tujunga Ave. WaterSource: Public
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Nearby Home Value

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5617 Denny Avenue, North Hollywood, CA, 91601 $1,279,000 5 4 3,102 3,102 SqFt
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5637 Riverton Avenue, North Hollywood, CA, 91601 $2,150,000 8 -- 4,526 4,526 SqFt
5421 Denny Avenue, North Hollywood, CA, 91601 $1,200,000 2 1 776 776 SqFt
5055 Willowcrest, North Hollywood, CA, 91601 $1,299,000 3 2 1,476 1,476 SqFt
5628 Cleon Avenue, North Hollywood, CA, 91601 $1,149,000 3 2 1,347 1,347 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 17:17

MLS: SB26124609 LISTED BY: Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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