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10945 Hesby Street 10945 Hesby St 4 Unit Apartment Building $995,000 ($248,750/Unit) 4.80% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- Four 1-bedroom units, some with washer/dryer
- Upside potential for increased rent
- Four mini-garages (suitable for small car or storage)
EXECUTIVE SUMMARY
Value-Add Opportunity! Exceptional 4-unit investment opportunity in a prime North Hollywood corner location. The property offers convenient access to major freeways, Burbank, Downtown Los Angeles and West LA. Features include separate meters, garages, and consistently strong rental demand, making this an attractive and reliable asset. Please do not disturb long-term tenants. Four private garages and one uncovered off-street parking. Great opportunity to improve property and increase rents as tenants vacate. See attached brochure for rents and expenses.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $248,750 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 4.80% | Building Size | 2,818 SF |
| Gross Rent Multiplier | 13 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1939 |
| Property Subtype | Apartment | ||
| Zoning | R2 - Restricted Density Multiple Dwelling Zone | ||
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Gross Rent Multiplier | 13 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 2,818 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | R2 - Restricted Density Multiple Dwelling Zone |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 2419-003-020 | Improvements Assessment | $50,485 (2025) |
| Land Assessment | $454,525 (2025) | Total Assessment | $505,010 (2025) |
PROPERTY TAXES
Parcel Number
2419-003-020
Land Assessment
$454,525 (2025)
Improvements Assessment
$50,485 (2025)
Total Assessment
$505,010 (2025)
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10945 Hesby Street | 10945 Hesby St
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