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11314 Martha St
For Sale $3,995,000 ($492.18 per Sq Ft)
$3,995,000 ($492.18 per Sq Ft)
- 5 Units
- 8,117 Sq Ft
- 7,252 Sq Ft
- Unknown Cap Rate
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.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $3,995,000 |
| Property Type | Multi-Family |
| Usable Sqft | 8,117 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 2025 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2337038008 |
| MLS # | 26638147 |
| Property ID | 322512600 |
| Lot Sqft | 7,252 |
| Zoning | LARD1.5 |
| Total Units | 5 |
| Days on Market | 52 |
| Original List Price | $3,995,000 |
| Date Updated | January 22, 2026 |
| Date Created | January 14, 2026 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 4 | 4.00 | $5,000 | $0 |
| Unit #2 | 4 | 4.00 | $4,815 | $0 |
| Unit #3 | 5 | 5.00 | $5,754 | $0 |
| Unit #4 | 5 | 5.00 | $5,640 | $0 |
| Unit #5 | 3 | 3.00 | $4,410 | $0 |
| Gross Income (Yr) | $ 307,428 |
| Operating Expenses | $ 65,320 |
| Net Income (Yr) | $ 232,885 |
| Cap Rate | 5.90% |
Listing Provided By
Bahram 'Allen' Amjad an agent of . Lic #02108852
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Robert Crawford
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