NOT LISTED FOR SALE
11 Beds
16 Baths
6,873 Sq Ft
6,957 Sq Ft Lot

Last Sold August 06, 2020

Last sale price $2,470,000 $359 Per Sq Ft

91 Days on Market

Highlights

  • Under Construction
  • Modern Architecture
  • Double Pane Windows
  • North Hollywood Senior High School Rated A
  • No HOA
  • Laundry Room

About This Home

As of August 2020

5 UNITS NEAR COMPLETION IN NOHO ARTS DISTRICT OPPORTUNITY ZONE!

We are pleased to announce a nearly complete opportunity zone investment. 11437 Hatteras is a new construction five-unit complex, Green Certified, and located in the highly coveted North Hollywood Arts District and nearby NoHo West. Final inspections are currently underway, which would allow a buyer to take advantage of Opportunity Zone tax incentives as owner of record during completion while seller/builder passes finals.

This non-rent-controlled luxury complex is comprised of two townhouse duplexes and one detached SFR, totaling five units. All units have two parking spots in a mix of covered, uncovered and garage parking, as well as private laundry in each unit. Each unit is equipped with separate meters for water, gas and electricity as well as an owner’s common area electric meter for exterior lighting and common area water meter for landscape irrigation.

While home at Hatteras, tenants are sure to be drawn to the safe and quant feel of a gated community of townhomes, secure and private parking, and entering their home through a ground level private entry.

Please contact us regarding this opportunity or one of the seller’s many other similar developments throughout Los Angeles.

Last Agent to Sell the Property

Seth Hamilton

Citivest Realty Services, Inc License #01897619 Listed on: 04/02/2020

Last Buyer's Agent

Jesse Chupack

Sotheby's International Realty License #01943532

Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,709

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • 6,957 Sq Ft Lot
  • No Common Walls
  • Wood Fence
  • Rectangular Lot

Parking

  • 9 Car Garage
  • 1 Open Parking Space
  • Parking Available
  • Auto Driveway Gate
  • Parking Lot
  • Assigned Parking

Home Design

  • Modern Architecture
  • Bitumen Roof
  • HardiePlank Type
  • Stucco

Interior Spaces

  • 6,873 Sq Ft Home
  • 3-Story Property
  • Double Pane Windows
  • Laundry Room

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 16 Bathrooms

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Phone Available
  • Cable TV Available

Additional Features

  • Exterior Lighting
  • Urban Location

Listing and Financial Details

  • Tenant pays for all utilities
  • Tax Lot 75
  • Tax Tract Number 6410
  • Assessor Parcel Number 2338014045

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 5 Units

Recreation

  • Dog Park

Building Details

  • 6 Separate Electric Meters
  • 5 Separate Gas Meters
  • 6 Separate Water Meters
  • Electric Expense $480
  • Insurance Expense $1,961
  • Maintenance Expense $2,000
  • Professional Management Expense $6,984
  • Water Sewer Expense $648
  • New Taxes Expense $29,651
  • Operating Expense $42,872
  • Gross Income $180,000
  • Net Operating Income $131,728

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,709

Year Built

Built in 2020 | Under Construction

Lot Details

0

Parking

9

Listing Details

  • Assessments: No
  • CapRate: 5.22
  • Other Phone Description: 7143976077
  • Price Per Unit: 505000
  • Professional Management Expense: 6984.00
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 648.00
  • Architectural Style: Modern
  • New Construction: Yes
  • Property Condition: Under Construction
  • Property Type: Residential Income
  • Parcel Number: 2338014045
  • Year Built: 2020
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 3
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Three Or More
  • Price Per Square Foot: 359.38
  • Window Features: Double Pane Windows

Exterior Features

  • Exterior Features: Lighting
  • Fence: Yes
  • Fencing: Wood
  • Pool Private: No
  • Roof: Bitumen
  • Spa: No
  • Construction Materials: Hardiplank Type, Stucco

Garage/Parking

  • Garage Spaces: 9.00
  • Parking: Yes
  • Parking Features: Assigned, Auto Driveway Gate, Garage, Parking Space, Private
  • Total Parking Spaces: 10.00
  • Uncovered Spaces: 1.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Dog Park, Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999, Rectangular Lot
  • Lot Size Sq Ft: 6957.00
  • Lot Size Acres: 0.1597
  • Latitude Manual: 34.17591500

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average2 Bed Area: 1119 Square Feet
  • Average3 Bed Area: 1482 Square Feet
  • Electric Expense: 480.00
  • Gross Income: 180000.00
  • Gross Multiplier: 14.00
  • Gross Operating Income: 174600.00
  • Gross Scheduled Income: 180000.00
  • Insurance Expense: 1961.00
  • Lot Size Area: 6957.0000 Square Feet
  • Maintenance Expense: 2000.00
  • Net Operating Income: 131728.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 6
  • Number Of Units Total: 5
  • Number With Dishwasher: 5
  • Number With Disposal: 5
  • Number With Range: 5
  • Number With Refrigerator: 5
  • Operating Expense: 42871.00
  • Rent Control: No
  • Total Actual Rent: 15000.00
  • Total Expenses: 42872.00
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 29651.00
  • Tax Area: 00013
  • Tax Lot: 75
  • Tax Rate: 1.17
  • Tax Tract Number: 6410
  • Tax Annual Amount: 29709.00
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2020 08/06/20 Sold $2,470,000 -2.2% $359 / Sq Ft
08/05/2020 08/05/20 Price Changed $2,525,000 0.0% $367 / Sq Ft
07/02/2020 07/02/20 Pending -- -- --
05/04/2020 05/04/20 Price Changed $2,525,000 -2.8% $367 / Sq Ft
04/21/2020 04/21/20 Price Changed $2,599,000 -3.7% $378 / Sq Ft
04/02/2020 04/02/20 For Sale $2,699,000 +294.0% $393 / Sq Ft
08/21/2017 08/21/17 Sold $685,000 0.0% $412 / Sq Ft
08/08/2017 08/08/17 Sold $685,000 -2.0% $412 / Sq Ft
06/08/2017 06/08/17 Pending -- -- --
06/08/2017 06/08/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $699,000 0.0% $420 / Sq Ft
02/22/2017 02/22/17 For Sale $699,000 -- $420 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW20067420

California Regional Multiple Listing Service (CRMLS)

APN: 2338-014-024