10821 Hartsook St, North Hollywood, CA, 91601

USD 8,500,000
For Sale MLS: 25626619

Property Details

Bedrooms

44

Bathrooms

21

Property Type

multi family

Description

Multi Family in North Hollywood, CA - Bedrooms: 44 - Bathrooms: 21 - Area: 18432 sqft - Year Built: 2024 - Lot: 6769 sqft

Listing Agent: Fred Nabati Brokerage: Trimax Realty, Inc.

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!

Location

Address

10821 Hartsook St, North Hollywood, CA, 91601

City

North Hollywood

Features and Finishes

Bedrooms: 44, Total Bathrooms: 48, Full Bathrooms: 21, Built-Ins, Oven, Microwave, Range, Laundry Features: In Unit, Inside, Breakfast, Breakfast Area, Breakfast Bar, Den, Den/Office, Gourmet Kitchen, Quartz Counters, Remodeled, Cooling Features: Central, Heating Features: Central, Heating: Yes, Water Heaters: Gas, Tankless, Interior Amenities: Multi-Level Bedroom, Double Vanity(s), Fiberglass Shower Enclosure, Powder Room, Remodeled, Flooring: Laminate, Window Features: Double Pane Windows, Other Structures: Accessory Bldgs, Lot Description: 2-4 Lots, Lot Size Acres: 0.1554, Lot Size Square Feet: 13537, Parking Features: Driveway, Parking Total: 14, View: Walk Street, Other Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer, Security Features: Carbon Monoxide Detector(s), Smoke Detector, Existing Lease Type: Fee, Gross Income: 54196, Gross Scheduled Income: 669863, Number of Units Leased: 5, T

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