10826 Hesby Street

North Hollywood, CA 91601

4 of the 5 units are leased, with applications in hand for the fifth unit! We are pleased to present 10826 Hesby Street, a brand new luxury five unit multifamily property located in the heart of North Hollywood, just minutes from Toluca Lake and Studio City and near the vibrant NoHo Arts District.The five bedroom unit is currently rented for $6,000 per month, both four bedroom units are leased at $5,250 per month each, and a two bedroom unit is rented for $3,750 per month. This non rent controlled asset features an ideal unit mix of one five bedroom, two four bedroom, and two two bedroom units. Each residence is thoughtfully designed with open floor plans, in unit laundry, premium stainless steel appliances, and large windows that provide abundant natural light.Offered at $3,695,000 with a real cap rate of 6.09%, the property currently generates $284,112 in annual rental income, making it one of the best priced new construction opportunities in the area. Tenants pay all utilities, helping to keep operating expenses low, and the property includes a one year builder's warranty for additional peace of mind. With seven dedicated parking spaces, the building offers excellent convenience.Surrounded by shops, restaurants, and entertainment, 10826 Hesby Street presents a rare opportunity to acquire a low maintenance, high yield investment in one of Los Angeles's most desirable rental markets. Buyer to verify all information.

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