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10926 Hortense St
North Hollywood, CA 91602
Toluca Lake Adjacent-10.3 Gross, 6.38% Cap · Multifamily Property For Sale
·
20 Units
EXECUTIVE SUMMARY
Hard-to-find property in the most desired location of Toluca Lake adjacent; Gated and secured ; New 100-gallon water heater 2024; All electrical subpanels replaced in 2024-2025; Recently completed SCEP inspection; No Seismic Retrofit required; Large lot measuring 15,354 square feet; Ideal for addition of Accessory Dwelling Units; Strong in-place rents with upside due to area's desirability; Property enhanced with full security system; Reinforced concrete walls adjacent to electric gate; New electric gate installed August 2025; All smoke detectors are hard-wired per new regulations; New mailbox block December 2024; All railings fully compliant with 4" maximum spacing.
PROPERTY FACTS
| Price Per Unit | $190,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 6.38% | Building Size | 11,481 SF |
| Gross Rent Multiplier | 10.3 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAC2 - Commercial | ||
| Price Per Unit | $190,000 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| Gross Rent Multiplier | 10.3 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.35 AC |
| Building Size | 11,481 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | LAC2 - Commercial |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
SITE AMENITIES
- Laundry Facilities
PROPERTY TAXES
| Parcel Number | 2421-028-004 | Improvements Assessment | $731,606 |
| Land Assessment | $296,898 | Total Assessment | $1,028,504 |
PROPERTY TAXES
Parcel Number
2421-028-004
Land Assessment
$296,898
Improvements Assessment
$731,606
Total Assessment
$1,028,504
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