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10826 Hesby St 5 Unit Apartment Building $3,695,000 ($739,000/Unit) 6.09% Cap Rate North Hollywood, CA 91601
Investment Highlights
- Real Cap Rate of 6.09%
- Ideal unit mix: (1) 5-bedroom, (2) 4-bedrooms, and (2) 2-bedrooms
- All units fully equipped with high-end stainless steel kitchen appliances
- Brand-new construction with premium modern finishes throughout
- Tenants pay all utilities – reducing operating expenses and increasing NOI
- No Rent Control – AB1482 Exempt
Executive Summary
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,695,000 | Property Subtype | Apartment |
| Price Per Unit | $739,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.09% | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,387 SF |
| Gross Rent Multiplier | 13.01 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | LARD1.5 | ||
| Price | $3,695,000 |
| Price Per Unit | $739,000 |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.01 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,387 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Freezer
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $3,426 | 790 |
| 2+3 | 1 | $3,750 | 1,074 |
| 4+4 | 1 | $5,250 | 1,821 |
| 4+4.5 | 1 | $5,250 | 1,690 |
| 5+4.5 | 1 | $6,000 | 2,028 |
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Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 2419-005-009 | Total Assessment | $943,500 |
| Land Assessment | $581,808 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $361,692 | Tax Year | 2025 |
Property Taxes
Parcel Number
2419-005-009
Land Assessment
$581,808
Improvements Assessment
$361,692
Total Assessment
$943,500
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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10826 Hesby St
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