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Diego Magdaleno

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

$4,795,000

Est. payment - /mo

18 Beds

18 Baths

8,596 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,596 sqft

Price per Sqft $557

MLS Listing ID 25531515

Bedrooms 18

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2025

Lot Size 9,583 Sqft

Property Description

Introducing "The Hortense VI," a newly completed, best-in-class 2025 townhome-style apartment complex located within the prestigious Toluca Lake enclaveone of Los Angeles' most exclusive and supply-constrained submarkets. SB-8 exempt and free from LA rent control, this rare offering features six expansive 3-bedroom, 3-bathroom luxury residences, each appointed with high-end finishes, in-unit laundry, private two-car garages, and rooftop decks in select units. The property spans approximately 8,600 SF of net rentable area and 11,000 SF of gross building area (including ~2,400 SF of private garages) on a premium 9,408 SF lot. With four of six units leased at market rates and lease applications under review for the final two, the asset is poised to achieve $28,500/month in stabilized rental income. For owner-users, an opportunity exists to occupy one unit while generating approximately $24,000/month in supplemental revenue. Constructed by Thornton Development Group, the project is surrounded by $1M+ home sales and small-lot subdivisions, with nearby apartment comps closing above $800,000/unitunderscoring the exceptional basis. Located steps from Riverside Drive, Trader Joe's, the NoHo Arts District, and major studio employers, The Hortense VI represents a rare opportunity to secure a stabilized, high-yield asset in a true blue-chip neighborhood. Contact the listing agent today to arrange a private tour!

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Microwave, Refrigerator, Dryer, Washer

Exterior

Parking Features Door-Multi, Garage, Gated, On Street, Tandem

View Y/N Yes

View City Lights, Mountain(s)

Building

Story 3

Entry Level Multi/Split

Architectural Style Contemporary

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 2421030015

Special Listing Condition Standard

Read Less Info

Listed by Oliver Thornton • Hollywood Estates

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10742 Hortense ST North Hollywood, CA 91602