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$ 3,900,000
Est. payment | /mo
17 Beds
18 Baths
7,350 SqFt
$ 3,900,000
Est. payment | /mo
17 Beds
18 Baths
7,350 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,350 sqft
Price per Sqft $530
MLS Listing ID 25580597
Bedrooms 17
HOA Y/N No
Year Built 2025
Lot Size 5,401 Sqft
Property Description
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 within walking distance to the vibrant NoHo Arts District. This non-rent-controlled asset offers an ideal unit mix consisting of one 5-bedroom, two 4-bedroom, and two 2-bedroom unitseach thoughtfully designed with open floorplans, in-unit laundry, premium stainless steel appliances, and large windows that flood the interiors with natural light. Offered at $3,900,000 with a projected cap rate of 5.98%, the property is expected to generate approximately $304,800 in annual rental income, making it one of the best-priced new construction offerings in the area. Tenants pay for all utilities, keeping operating expenses low, and the property comes with a one-year builder's warranty for added peace of mind. With eight dedicated parking spaces and two additional bonus spots, 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 L.A.'s most desirable rental markets. Buyer to verify all information.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LARD1.5
Interior
Heating Central
Fireplace No
Appliance Dishwasher, Gas Cooktop, Gas Oven, Microwave, Washer
Exterior
Parking Features Attached Carport, Uncovered
Total Parking Spaces 8
Building
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 2419005009
Special Listing Condition Standard
Listed by David Saghian Lyon Stahl Investment Real Estate, Inc.
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Mitch Stein
Partner | Lic# DRE# 02081632