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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$4,625,000

Est. payment - /mo

26 Beds

24 Baths

10,200 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,200 sqft

Price per Sqft $453

MLS Listing ID 25511739

Bedrooms 26

HOA Y/N No

Year Built 2024

Lot Size 6,769 Sqft

Property Description

Prime Investment Opportunity in the Heart of NOHO Brand New 2024/2025 Construction! Introducing a rare, newly constructed multi-family property in the vibrant North Hollywood Arts District, offering a total of 12 units across two buildings (10821-10829 Hartsook St.). This modern investment features 8 spacious townhouse units (5 beds, 4.5 baths each) fully rented at market rates and 4 additional ADUs (3 beds, 3 baths each), maximizing rental income potential. Designed with high-end finishes and durability in mind, every unit includes: Luxury Vinyl Tile (LVT) flooring throughout | Gourmet kitchens with quartz countertops & designer tile backsplashes |Sleek, modern bathrooms with premium tiling & custom mirrors | High-efficiency appliances and keypad entry for convenience & security | Individually metered utilities with owned solar panels for lower expenses | Low-maintenance desert landscaping. This turnkey investment offers strong financials, boasting a 5.74% cap rate. The property can be sold together for $9,250,000 or individually for $4,625,000 per building. If sold separately, an easement will be recorded for the shared driveway. Located in a high-demand rental market, tenants enjoy easy access to: Restaurants, coffee shops, and bars | Dog parks & green spaces | Metro stations & public transit | Burbank Airport | NOHO West shopping & entertainment. Full financial portfolio available upon request. Don't miss this exceptional opportunity to own a prime, high-yield asset in a thriving neighborhood!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Built-In, Dishwasher, Disposal, Microwave, Oven, Range, Refrigerator, Dryer, Washer

Laundry Inside

Exterior

Parking Features Driveway

Pool None

View Y/N Yes

Roof Type Other

Accessibility Other

Total Parking Spaces 14

Private Pool No

Building

Faces South

Story 3

Entry Level Multi/Split

Sewer Other

Level or Stories Multi/Split

New Construction Yes

Others

Senior Community No

Tax ID 2419008027

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Financing Cash

Special Listing Condition Standard

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Listed by Stacy Blaugrund • Power Brokers

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10821 Hartsook ST North Hollywood, CA 91601