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10828 Hesby St 5 Unit Apartment Building $3,795,000 ($759,000/Unit) 5.88% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- BRAND-NEW construction with premium modern finishes throughout
- IDEAL UNIT MIX: (1) 5-bedroom, (2) 4-bedrooms, and (2) 2-bedrooms
- SPACIOUS in-unit laundry rooms with washers and dryers included
- REAL 5.88% CAP Rate
- SITUATED in prime North Hollywood Arts District (NoHo Arts)
- EXCELLENT 1031 Exchange opportunity
EXECUTIVE SUMMARY
We are pleased to present 10828 Hesby Street, a brand new luxury 5 unit multifamily property located in the heart of North Hollywood, just minutes from Toluca Lake and Studio City and nearby to the vibrant NoHo Arts District. 80% Leased. The 5 bedroom unit is currently rented for $6,000 per month, a 4 bedroom unit is rented for $5,250 per month, and two 2 bedroom units are rented for $3,750 per month. This non rent controlled asset features an ideal mix of one 5 bedroom, two 4 bedroom, and two 2 bedroom units, each thoughtfully designed with open floorplans, in unit laundry, premium stainless steel appliances, and large windows that bring in abundant natural light. Priced at $3,795,000 with a projected cap rate of 5.88%, the property is expected to generate approximately $285,000 in annual rental income, making it one of the best priced new construction opportunities in the area. Tenants pay for all utilities, keeping operating expenses low, and the property includes a 1 year builder's warranty for added peace of mind. With 7 dedicated parking spaces, the building offers excellent convenience. Surrounded by shops, restaurants, and entertainment, 10828 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 | $3,795,000 | Apartment Style | Low-Rise |
| Price Per Unit | $759,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 5.88% | Building Size | 7,387 SF |
| No. Units | 5 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | LARD1.5 | ||
| Price | $3,795,000 |
| Price Per Unit | $759,000 |
| Sale Type | Investment |
| Cap Rate | 5.88% |
| 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 | $3,750 | 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 |
1 1
Walk Score®
Very Walkable (85)
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10828 Hesby St
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