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10826 Hesby St 5 Unit Apartment Building $3,695,000 ($739,000/Unit) 6.26% Cap Rate North Hollywood, CA 91601
Investment Highlights
- Brand new 2025 Construction with High Quality Designer Finishes and Non Rent Control
- Quiet tree lined street walkable to the NOHO Arts District, coffee shops, restaurants, galleries, theater and much more
- Open floor plan, tons of natural light, high ceilings and big large windows
- 100% Fully leased with an unheard of 6.26% Cap rate and sale comps selling for much higher
- Close to Toluca lake, Studio City, Burbank, Universal Studios, Freeway and transit
Executive Summary
Welcome to 10826 Hesby Street, a 100% FULLY LEASED Non Rent Controlled, Stunning High-End Brand New 2025 Construction 5 unit building in the heart of Noho Arts District with an unheard of cap rate of 6.26%, yearly gross income of $280,200 and a monthly gross income of $23,350. All the units have been carefully designed to give a modern and spacious feel with luxury quality finishes and the units feature open floor plans with kitchen islands, large bedrooms, closets, massive big balconies, designer shower tiles, a ton of natural light, high ceilings, stylish modern cabinets on a luscious tree lined street. The area is walkable to the Noho arts district which features trendy and vibrant coffee shops, galleries, restaurants, gyms, theater, entertainment, bars, grocery stores and much more, making it very attractive for renters plus it is located just minutes from Toluca Lake, Studio City, Universal Studios and Burbank. The neighborhood has several brand new buildings nearby with a recent sold comp of 4plex at $3,350,000 along with a 5 plex which sold for $3,900,00 nearby making this property one of the best opportunities in the area . The building features an attractive unit mix of One-4 bedrooms 4.5 baths and One-4 bedroom 4 baths, One- Massive 5 bd, 4.5 baths, One 2 bd, 3 bath and lastly One 2 bd 2 baths. Moreover, the property features 7387 sq ft of total livable square ft. All the units features beautiful vinyl flooring with modern trendy cabinets, quartz white countertops, and large islands. In addition, each unit has stainless steel appliances, washer and dryer in unit, and all units are separately metered as tenants pay for all the utilities to lower expenses for a buyer while making it easy to manage. The property comes with a 1 year builders warranty, and has solar panels installed. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price in the beautiful North Hollywood Arts District . The strong rental desirability and comps are being achieved in this neighborhood because of massive redevelopment, Disney and Universal studios close by, easy connection to the freeway and public transit, young professionals that enjoy walkable, lifestyle-oriented neighborhoods. This property has a ton of benefits, some of which are including long-term upside, appreciation along with Depreciation benefits ( buyer to consult with their CPA) . Buyer to Verify all!
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
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| Gross Rental Income |
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| Other Income |
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
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$9.99
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Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
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| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
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| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,695,000 | Apartment Style | Townhome |
| Price Per Unit | $739,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.26% | Building Size | 7,387 SF |
| Gross Rent Multiplier | 13.2 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | Parking Ratio | 0.95/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling | ||
| Price | $3,695,000 |
| Price Per Unit | $739,000 |
| Sale Type | Investment |
| Cap Rate | 6.26% |
| Gross Rent Multiplier | 13.2 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,387 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 0.95/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple Dwelling |
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 | $3,100 | 790 |
| 2+3 | 1 | $3,750 | 1,074 |
| 4+3.5 | 1 | $5,250 | 1,781 |
| 4+4.5 | 1 | $5,250 | 1,690 |
| 5+4.5 | 1 | $6,000 | 2,015 |
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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 | 2419-005-009 | Improvements Assessment | $361,692 |
| Land Assessment | $581,808 | Total Assessment | $943,500 |
Property Taxes
Parcel Number
2419-005-009
Land Assessment
$581,808
Improvements Assessment
$361,692
Total Assessment
$943,500
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10826 Hesby St