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10718 Valley Spring Ln 4 Unit Apartment Building Offered at $1,850,000 at a 4.41% Cap Rate North Hollywood, CA 91602



Investment Highlights
- Rare Acquisition Opportunity
- Secure Gated Property on an Expansive 10,446± SF Lot
- Turnkey Four-Unit Asset with Immediate Cash Flow
- Prime Studio City Adjacent Investment
- High Visibility & Strong Street Presence
- Extensively Renovated Flagship Multi-Residence
Executive Summary
Outstanding multifamily investment and owner-user opportunity with multiple points of access located in the highly desirable Studio City area of North
Hollywood. Set on a generous 10,446± SF fully gated lot, this well-positioned 4 Unit property offers an excellent unit mix consisting of (3) 1 Bed / 1 Bath units and
(1) beautifully remodeled 3 Bed / 2.5 Bath single-family residence, providing both strong income potential and lifestyle flexibility.
The 3-bedroom home has been extensively upgraded, featuring new bathrooms, a modernized kitchen, updated flooring, contemporary lighting, and central
air conditioning, making it ideal for an owner-user or commanding premium rental rates. The remaining one-bedroom units offer stable cash flow with upside
potential through future rent increases or light cosmetic improvements.
Additional highlights include a 2-car garage, ample on-site parking, and newly installed perimeter gating for enhanced privacy and security. Located in a high-
demand rental corridor near Studio City’s renowned restaurants, retail, entertainment, and convenient access to major freeways and employment hubs.
This is a rare opportunity to acquire a versatile, income-producing property in a supply-constrained submarket—perfect for investors seeking long-term
appreciation or owner-users looking to live in a renovated home while offsetting expenses with rental income.
Hollywood. Set on a generous 10,446± SF fully gated lot, this well-positioned 4 Unit property offers an excellent unit mix consisting of (3) 1 Bed / 1 Bath units and
(1) beautifully remodeled 3 Bed / 2.5 Bath single-family residence, providing both strong income potential and lifestyle flexibility.
The 3-bedroom home has been extensively upgraded, featuring new bathrooms, a modernized kitchen, updated flooring, contemporary lighting, and central
air conditioning, making it ideal for an owner-user or commanding premium rental rates. The remaining one-bedroom units offer stable cash flow with upside
potential through future rent increases or light cosmetic improvements.
Additional highlights include a 2-car garage, ample on-site parking, and newly installed perimeter gating for enhanced privacy and security. Located in a high-
demand rental corridor near Studio City’s renowned restaurants, retail, entertainment, and convenient access to major freeways and employment hubs.
This is a rare opportunity to acquire a versatile, income-producing property in a supply-constrained submarket—perfect for investors seeking long-term
appreciation or owner-users looking to live in a renovated home while offsetting expenses with rental income.
Property Facts
| Price | $1,850,000 | Property Type | Multifamily |
| Price Per Unit | $462,500 | Lot Size | 0.24 AC |
| Sale Type | Investment | Building Size | 2,800 SF |
| Cap Rate | 4.41% | No. Stories | 2 |
| Gross Rent Multiplier | 16.35 | Year Built/Renovated | 1946/2026 |
| No. Units | 4 | ||
| Zoning | LARD2 - DENSITY WITH TOC TIER 3 BASE UNITS: 5 70% BONUS = 5 × 0.70 = 3.5 UNITS TOTAL = 8.5 ? ROUNDED | ||
| Price | $1,850,000 |
| Price Per Unit | $462,500 |
| Sale Type | Investment |
| Cap Rate | 4.41% |
| Gross Rent Multiplier | 16.35 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.24 AC |
| Building Size | 2,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1946/2026 |
| Zoning | LARD2 - DENSITY WITH TOC TIER 3 BASE UNITS: 5 70% BONUS = 5 × 0.70 = 3.5 UNITS TOTAL = 8.5 ? ROUNDED |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
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10718 Valley Spring Ln
