Log In/Sign Up
Your email has been sent.
Toluca Lake ADJ 9.4 Gross,7.12 %Current Cap 10926 Hortense St 20 Unit Apartment Building $3,650,000 ($182,500/Unit) 7% Cap Rate North Hollywood, CA 91602
Executive Summary
7.1% CURRENT CAP AND 9.4 GIM in most desired Toluca Lake adjacent location; 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 | $3,650,000 | Apartment Style | Low-Rise |
| Price Per Unit | $182,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.35 AC |
| Cap Rate | 7% | Building Size | 11,481 SF |
| Gross Rent Multiplier | 9.4 | 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 |
| Zoning | LAC2 - Commercial | ||
| Price | $3,650,000 |
| Price Per Unit | $182,500 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Gross Rent Multiplier | 9.4 |
| 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
1 1
Walk Score®
Very Walkable (84)
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
1 of 16
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Toluca Lake ADJ 9.4 Gross,7.12 %Current Cap | 10926 Hortense St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.