Active

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 : Residential Income

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

  • Water/Sewer

    Water Source: Public Sewer: Public Sewer

  • Building Information

    Year Built: 1924 Building Area Total: 3,893
  • Pool Features

    None

    Laundry Features

    None

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3003
  • Lot Size Source: Assessor Lot Size Square Feet: 13081

  • Listing Price Information

    Original List Price: 1,250,000 Listing Contract Date: 2026-06-01
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 2337033001

  • Garage and Parking

    Garage Description: Assigned,Driveway,Garage Faces Front,Garage,Paved,Private

    Homeowners Association

  • Rental Info

    Lease Term: Negotiable Tenant Pays: Electricity,Gas

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: NHO - North Hollywood Directions: 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. Source Property Type: Residential Income Area: NHO - North Hollywood Property SubType: Apartment
  • Building and Construction

    Property Age: 102 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: Ground Level Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5665 Whitnall, North Hollywood, CA, 91601 $1,720,000 -- -- 5,440 5,440 SqFt
5709 Auckland Avenue, North Hollywood, CA, 91601 $3,195,000 18 -- 7,947 7,947 SqFt
5248 Auckland Avenue, North Hollywood, CA, 91601 $3,995,000 17 -- 8,967 8,967 SqFt
5887 Whitnall, North Hollywood, CA, 91601 $1,489,000 -- -- 4,837 4,837 SqFt
5512 Willowcrest, North Hollywood, CA, 91601 $1,197,000 3 2 1,008 1,008 SqFt
5650 Denny Avenue, North Hollywood, CA, 91601 $1,195,000 3 3 1,750 1,750 SqFt
5513 Cartwright Avenue, North Hollywood, CA, 91601 $1,125,000 3 2 1,551 1,551 SqFt
5007 Auckland Avenue, North Hollywood, CA, 91601 $2,150,000 4 3 1,864 1,864 SqFt
4918 Cahuenga, North Hollywood, CA, 91601 $2,499,000 -- -- 6,083 6,083 SqFt
5641 Riverton Avenue, North Hollywood, CA, 91601 $2,150,000 8 -- 4,526 4,526 SqFt

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ByOwner last updated this listing 06/11/2026 @ 19:40

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

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