11936 Hart St · Los Angeles, CA 91605

$2,350,000

12 bd · 16.0 ba · 7,826 sqft · MultiFamily public records · 276 Days on market

Built 1965 9,007 sqft lot $300/sqft · 23% above area Est $1912k · 23% over

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Condition / age +2.5/5.0
• Rent growth +1.8/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 12 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Welcome to 11936 Hart St, a well-maintained 12-unit apartment community situated in the heart of North Hollywood, one of the San Fernando Valley’s most dynamic and high-demand rental markets. This exceptional property offers an ideal investment opportunity with a desirable unit mix consisting of 4 Bachelors, 4 One-Bedroom/One-Bath units, and 4 Two-Bedroom/One-and-a-Half-Bath units, appealing to a wide range of renters. The property sits on a corner lot and features a secure, gated entry, providing residents with both comfort and peace of mind. Amenities include on-site gated parking and a convenient on-site laundry facility, enhancing tenant satisfaction and long-term stability. Each unit is individually metered for gas and electricity, ensuring efficient management and reduced ownership expenses. Located in a prime North Hollywood location, the property benefits from excellent accessibility. Just a short distance to the CA-170 and I-5 freeways, residents enjoy easy commutes throughout Los Angeles. The property is also near major conveniences including the Costco Business Center, Home Depot, and numerous shopping and dining options. For those who travel frequently, the Hollywood Burbank Airport is only minutes away, while public transit options are readily accessible for local commuters. With its strong rental demand, gated security features, on-site amenities, and unbeatable location, 11936 Hart St stands out as a rare opportunity for investors seeking a stable, income-producing asset in a thriving neighborhood. This is an excellent chance to acquire a high-performing multifamily property in one of Los Angeles’ most desirable rental submarkets. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

Key facts

• Secure gated entry
• 9,007 sq ft lot
• Built 1965

Tags

• 12 UNIT APARTMENT COMMUNITY
• SECURE GATED ENTRY
• ON SITE GATED PARKING
• ON SITE LAUNDRY FACILITY
• INDIVIDUALLY METERED FOR GAS
• PRIME NORTH HOLLYWOOD LOCATION

What this means for you Summary

Snapshot

• This is a 12 × 12-bed/14.5-bath units multifamily listed at $2.35M.

Deal economics

• At list price, monthly cash flow is $12k ($146k/yr) — positive. Per door: $1k/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($36k rent vs $2.35M).
• Recommended offer: $2.07M (12.0% below list) — sets the bar for market timing.
• Cap rate 12.5% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-3.0%/yr); 75 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $35,711/mo this rent would consume 654% of the median local household income ($65k/yr) (locally 3600% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $16k of loan paydown is wiped out by about $70k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $658k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 276 days — a 12% lower offer ($2.07M) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→21/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $2,068,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 276 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1965 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.52% ✓
• Cap rate: 12.52%
• Cash-on-cash: 22.23%
• DSCR: 1.99
• GRM: 5.5

CMA / ARV

• ARV (median comp): $1,912,500
• List price: $2,350,000
• Delta: 22.88%
• Verdict: OVERPRICED
• Comps: 18 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 11.6%
• Equity multiple: 1.44×
• Total profit: $291,150
• Equity at exit: $350,393

10-year hold

• IRR: 18.1%
• Equity multiple: 2.29×
• Total profit: $850,210
• Equity at exit: $203,185

Cash invested: $658,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 91605

• Rents YoY: -3.0%
• Active inventory: 75
• Price-to-rent: 65.8×

Monthly cashflow live

• Estimated rent: $35,711 medium
• Mortgage (P&I): −$12,324
• Tax from tax record: −$2,722 /mo · $32,662/yr
• Insurance: −$979
• HOA: −$0
• Vacancy / Maint / Mgmt: −$7,499
• Net cashflow: $12,187

Break-even live

Break-even rent $20,284

Max offer price $2,350,000

Occupancy floor 61%

Sensitivity live

Price	-10% $13,517	-5% $12,852	+0% $12,187	+5% $11,522	+10% $10,857
Rent	-10% $9,366	-5% $10,776	+0% $12,187	+5% $13,598	+10% $15,008
Rate	-1.0pp $13,371	-0.5pp $12,785	base $12,187	+0.5pp $11,578	+1.0pp $10,959

12-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 12× units	12	14.5	$35,712
Total (12 units)			$35,711

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $587,500
• Closing costs: $70,500
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-06-18
   days on market $2,350,000 Active 276 DOM
2. 2026-06-17
   pricedays on market $2,350,000 Active 275 DOM
3. 2026-06-16
   days on market $2,450,000 Active 274 DOM
4. 2026-06-15
   days on market $2,450,000 Active 273 DOM
5. 2026-06-13
   days on market $2,450,000 Active 271 DOM
6. 2026-06-09
   days on market $2,450,000 Active 267 DOM
7. 2026-06-08
   days on market $2,450,000 Active 266 DOM
8. 2026-06-07
   days on market $2,450,000 Active 265 DOM
9. 2026-06-04
   days on market $2,450,000 Active 262 DOM
10. 2026-06-03
    days on market $2,450,000 Active 261 DOM
11. 2026-06-02
    days on market $2,450,000 Active 260 DOM
12. 2026-06-01
    days on market $2,450,000 Active 259 DOM
13. 2026-05-31
    days on market $2,450,000 Active 258 DOM
14. 2026-02-04
    price $2,450,000 1993-char remark

    Show marketing remark (1993 chars)

    Welcome to 11936 Hart St, a well-maintained 12-unit apartment community situated in the heart of North Hollywood, one of the San Fernando Valley’s most dynamic and high-demand rental markets. This exceptional property offers an ideal investment opportunity with a desirable unit mix consisting of 4 Bachelors, 4 One-Bedroom/One-Bath units, and 4 Two-Bedroom/One-and-a-Half-Bath units, appealing to a wide range of renters. The property sits on a corner lot and features a secure, gated entry, providing residents with both comfort and peace of mind. Amenities include on-site gated parking and a convenient on-site laundry facility, enhancing tenant satisfaction and long-term stability. Each unit is individually metered for gas and electricity, ensuring efficient management and reduced ownership expenses. Located in a prime North Hollywood location, the property benefits from excellent accessibility. Just a short distance to the CA-170 and I-5 freeways, residents enjoy easy commutes throughout Los Angeles. The property is also near major conveniences including the Costco Business Center, Home Depot, and numerous shopping and dining options. For those who travel frequently, the Hollywood Burbank Airport is only minutes away, while public transit options are readily accessible for local commuters. With its strong rental demand, gated security features, on-site amenities, and unbeatable location, 11936 Hart St stands out as a rare opportunity for investors seeking a stable, income-producing asset in a thriving neighborhood. This is an excellent chance to acquire a high-performing multifamily property in one of Los Angeles’ most desirable rental submarkets. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

15. 2025-09-15
    listed $2,500,000 Active 1993-char remark

    Show marketing remark (1993 chars)

    Welcome to 11936 Hart St, a well-maintained 12-unit apartment community situated in the heart of North Hollywood, one of the San Fernando Valley’s most dynamic and high-demand rental markets. This exceptional property offers an ideal investment opportunity with a desirable unit mix consisting of 4 Bachelors, 4 One-Bedroom/One-Bath units, and 4 Two-Bedroom/One-and-a-Half-Bath units, appealing to a wide range of renters. The property sits on a corner lot and features a secure, gated entry, providing residents with both comfort and peace of mind. Amenities include on-site gated parking and a convenient on-site laundry facility, enhancing tenant satisfaction and long-term stability. Each unit is individually metered for gas and electricity, ensuring efficient management and reduced ownership expenses. Located in a prime North Hollywood location, the property benefits from excellent accessibility. Just a short distance to the CA-170 and I-5 freeways, residents enjoy easy commutes throughout Los Angeles. The property is also near major conveniences including the Costco Business Center, Home Depot, and numerous shopping and dining options. For those who travel frequently, the Hollywood Burbank Airport is only minutes away, while public transit options are readily accessible for local commuters. With its strong rental demand, gated security features, on-site amenities, and unbeatable location, 11936 Hart St stands out as a rare opportunity for investors seeking a stable, income-producing asset in a thriving neighborhood. This is an excellent chance to acquire a high-performing multifamily property in one of Los Angeles’ most desirable rental submarkets. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies.

16. 2021-06-01
    soldstatus $2,425,000
17. 1996-11-01
    soldstatus $100,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $32,662 · $2,722/mo
• Projected year-2 tax: $32,662 · $2,722/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥97°F today · 21 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 7 unhealthy d/yr today · 9 by 30 yrs out

Taxation est. · year 1

• Rental income: $428,532
• − Mortgage interest: −$131,637
• − Property taxes: −$32,662
• − Insurance: −$11,750
• − Repairs & maintenance: −$34,283
• − Management: −$34,283
• − Depreciation: −$68,364
• Taxable income: $115,555
• Est. tax owed @ 24.0%: −$27,733
• After-tax cash flow: $118,511/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 49,868
• Household income: $65,481
• Rent vs Own: 63.0% rent · 37.0% own
• Severe rent burden: 3600.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Hispanic (62%)
• Race & ethnicity: Hispanic / Latino 62% White 26% Two or more races 22% Asian 8% Black 2% Native American 1%
• Hispanic origin (detail): Mexican 35%
• Common ancestry: Lithuanian 1% Romanian 1%
• Foreign-born: 47% · Canada, South Korea, Vietnam
• Languages at home: 23% English-only · Spanish 55% Other Indo-European 15% Tagalog/Filipino 3%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -991.52%
• Current HPI: 504.7685
• Rent YoY: ▼ -2.95%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

+2350.0% since first listed

4 events — show timeline

• 2026-02-04 Price Changed $2,450,000 CRMLS
• 2025-09-15 Listed $2,500,000 CRMLS
• 2021-06-01 Sold (Public Records) $2,425,000 Public Records
• 1996-11-01 Sold (Public Records) $100,000 Public Records

Property tax history

+11.4%/yr

Latest (2025): $32,662 · +1.4% YoY. Source: county tax records.