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10821 Hartsook St 12 Unit Apartment Building $8,750,000 ($729,167/Unit) 5.99% Cap Rate North Hollywood, CA 91601

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EXECUTIVE SUMMARY

Prime Investment Opportunity in the Heart of NOHO Brand New 2024/2025 Construction! Introducing a rare, newly constructed multi-family property in the vibrant North Hollywood Arts District, offering a total of 12 units across two buildings (10821-10829 Hartsook St.). This modern investment features 8 spacious townhouse units (4 beds, 4.5 baths each) fully rented at market rates and 4 additional ADUs (3 beds, 3 baths each), maximizing rental income potential. Designed with high-end finishes and durability in mind, every unit includes: Luxury Vinyl Tile (LVT) flooring throughout | Gourmet kitchens with quartz countertops & designer tile backsplashes |Sleek, modern bathrooms with premium tiling & custom mirrors | High-efficiency appliances and keypad entry for convenience & security | Individually metered utilities with owned solar panels for lower expenses | Low-maintenance desert landscaping. This turnkey investment offers strong financials, boasting a 5.96%* cap rate (See OM for Full Details). Located in a high-demand rental market, tenants enjoy easy access to: Restaurants, coffee shops, and bars | Dog parks & green spaces | Metro stations & public transit | Burbank Airport | NOHO West shopping & entertainment. Full financial portfolio available upon request. Don't miss this exceptional opportunity to own a prime, high-yield asset in a thriving neighborhood! -- SELLER WILLING TO BUY DOWN RATE FOR BUYER! SELLER WILLING TO PAY EXTRA CONCESSIONS!

PROPERTY FACTS

Price $8,750,000
Price Per Unit $729,167
Sale Type Investment
Cap Rate 5.99%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.31 AC
Building Size 21,263 SF
No. Stories 3
Year Built 2024
Parking Ratio 1.83/1,000 SF
Zoning LARD1.5 - restricted Density Multiple Dwelling

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Cable Ready
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Bay Window
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Freezer

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 12 - -
Walk Score®
Walker's Paradise (90)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38971852

  • Date on Market: 1/5/2026

  • Last Updated:

  • Address: 10821 Hartsook St, North Hollywood, CA 91601

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