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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
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
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

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
  • Listing ID: 41826425

  • Date on Market: 8/20/2026

  • Last Updated:

  • Address: 10810 Hesby St, North Hollywood, CA 91601

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