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10821 Hartsook St 12 Unit Apartment Building $8,500,000 ($708,333/Unit) 6.22% Cap Rate North Hollywood, CA 91601
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 6.22%* 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 | $8,500,000 | Building Class | B |
| Price Per Unit | $708,333 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 21,263 SF |
| Cap Rate | 6.22% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2024 |
| Property Subtype | Apartment | Parking Ratio | 0.66/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LARD1.5 - restricted Density Multiple Dwelling | ||
| Price | $8,500,000 |
| Price Per Unit | $708,333 |
| Sale Type | Investment |
| Cap Rate | 6.22% |
| 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 |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.66/1,000 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 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,358,346 | |
| Land Assessment | $2,037,518 | Total Assessment | $3,395,864 |
Property Taxes
Parcel Numbers
Land Assessment
$2,037,518
Improvements Assessment
$1,358,346
Total Assessment
$3,395,864
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10821 Hartsook St
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