10828 Hesby Street new Save Request In-Person Tour Request Virtual Tour
North Hollywood (los Angeles),CA 91601
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,387 sqft
Price per Sqft $513
MLS Listing ID CL25618669
Year Built 2025
Lot Size 5,400 Sqft
Property Sub-Type Other
Property Description
We are pleased to present 10828 Hesby Street, a brand new luxury 5 unit multifamily property located in the heart of North Hollywood, just minutes from Toluca Lake and Studio City and nearby to the vibrant NoHo Arts District. The 5 bedroom unit is currently rented for $6,000 per month, a 4 bedroom unit is rented for $5,250 per month, and a 2 bedroom unit is rented for $3,750 per month. This non rent controlled asset features an ideal mix of one 5 bedroom, two 4 bedroom, and two 2 bedroom units, each thoughtfully designed with open floorplans, in unit laundry, premium stainless steel appliances, and large windows that bring in abundant natural light. Priced at $3,795,000 with a projected cap rate of 5.88%, the property is expected to generate approximately $285,000 in annual rental income, making it one of the best priced new construction opportunities in the area. Tenants pay for all utilities, keeping operating expenses low, and the property includes a 1 year builder's warranty for added peace of mind. With 7 dedicated parking spaces, the building offers excellent convenience. Surrounded by shops, restaurants, and entertainment, 10828 Hesby Street presents a rare opportunity to acquire a low maintenance, high yield investment in one of Los Angeles's most desirable rental markets
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Laundry Washer
Building
New Construction No