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10810 Hesby St 4 Unit Apartment Building $2,875,000 ($718,750/Unit) 6.20% Cap Rate North Hollywood, CA 91601



Investment Highlights
- ALREADY 100% LEASED! Making you money on day 1!
- One of the best priced luxury new construction fourplexes in the North Hollywood area
- Boasts high-end, modern finishes and convenient in-unit laundry
- NO RENT CONTROL!
- Located in ultra trendy and highly sought after Toluca Woods- A major draw for A+ tenants! Outstanding cap rate of 6.20%!
- Short drive to neighborhood favorites including Verse, Ca’ Del Sole, The Front Yard, Granville and Republic of Pie
Executive Summary
The 2–4 Unit Specialists are excited to present 10810 Hesby Street, a brand-new, 2026-built, non-rent-controlled fourplex located in Toluca Woods, adjacent to the vibrant NoHo Arts District. Set on a charming, tree-lined street, the property is minutes from neighborhood favorites including Verse, Ca’ Del Sole, The Front Yard, Granville and Republic of Pie, along with NoHo’s theaters, cafés and nightlife. The central location also provides convenient access to the Metro B Line, Universal Studios, Radford Studio Center and the 101, 134 and 170 freeways. Combining a prime location, renter-friendly floor plans and standout curb appeal, this fully leased property generates more than $225,000 in annual rental income and offers a strong 6.20% cap rate. The fourplex consists of two spacious 4-bedroom townhomes and two equally impressive 3-bedroom residences, each thoughtfully designed to maximize space and functionality. Modern, open-concept interiors feature high-end finishes, oversized kitchen islands, stainless-steel appliances, abundant natural light and large windows. Expansive living areas and generous front- and rear-facing balconies further enhance the resident experience. All four units were recently leased directly by our in-house team at Myunits. Each residence is separately metered for utilities, helping minimize owner expenses, and the property is backed by a one-year builder’s warranty for added peace of mind. Positioned at the intersection of Toluca Woods and North Hollywood, 10810 Hesby Street benefits from strong rental demand and convenient access to some of the Valley’s most important entertainment, employment and transit destinations. With its low-maintenance construction, upscale residences and fully stabilized income, the property presents an exceptional turnkey investment opportunity in one of Los Angeles’ most dynamic rental markets.??
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$225,420
|
$34.88
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,763
|
$1.05
|
| Effective Gross Income |
$218,657
|
$33.84
|
| Taxes |
$34,137
|
$5.28
|
| Operating Expenses |
$6,385
|
$0.99
|
| Total Expenses |
$40,522
|
$6.27
|
| Net Operating Income |
$178,135
|
$27.57
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $225,420 |
| Annual Per SF | $34.88 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $6,763 |
| Annual Per SF | $1.05 |
| Effective Gross Income | |
|---|---|
| Annual | $218,657 |
| Annual Per SF | $33.84 |
| Taxes | |
|---|---|
| Annual | $34,137 |
| Annual Per SF | $5.28 |
| Operating Expenses | |
|---|---|
| Annual | $6,385 |
| Annual Per SF | $0.99 |
| Total Expenses | |
|---|---|
| Annual | $40,522 |
| Annual Per SF | $6.27 |
| Net Operating Income | |
|---|---|
| Annual | $178,135 |
| Annual Per SF | $27.57 |
Property Facts
| Price | $2,875,000 | Apartment Style | Low-Rise |
| Price Per Unit | $718,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.20% | Building Size | 6,462 SF |
| Gross Rent Multiplier | 12.75 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 1.18/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $2,875,000 |
| Price Per Unit | $718,750 |
| Sale Type | Investment |
| Cap Rate | 6.20% |
| Gross Rent Multiplier | 12.75 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,462 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 1.18/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Washer/Dryer
Site Amenities
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+3 | 2 | $4,348 | 1,349 - 1,611 |
| 4+3 | 2 | $5,045 | 1,632 - 1,870 |
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Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2419-005-013 | Total Assessment | $929,000 |
| Land Assessment | $769,800 | Annual Taxes | $34,137 ($5.28/SF) |
| Improvements Assessment | $159,200 | Tax Year | 2025 |
Property Taxes
Parcel Number
2419-005-013
Land Assessment
$769,800
Improvements Assessment
$159,200
Total Assessment
$929,000
Annual Taxes
$34,137 ($5.28/SF)
Tax Year
2025
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