10651 Whipple St - FHA-Eligible Triplex in Toluca Lake @ $995K 3 Unit Apartment Building Offered at $1,384,542 CAD at a 3.71% Cap Rate North Hollywood, CA 91602

10651 Whipple Street presents an FHA-eligible triplex located in the heart of Toluca Lake. Offered at $995,000, the property includes a vacant one-bed unit at COE, creating an attractive owner-user opportunity with supplemental rental income in a location that continues to draw long-term residents and industry professionals. Unlike traditional 1960s apartment product or newer, uniform developments, the property is configured in a courtyard-style layout that emphasizes privacy and character. Mature trees, manicured landscaping, and meandering walkways define the grounds, giving the property a residential feel more commonly associated with single-family homes than small multifamily assets. The architecture reflects classic Southern California design, with clean stucco finishes, original detailing, and a scale that blends naturally into the surrounding neighborhood. The triplex consists of (3) 1-bed units averaging approx. 663 SF each, situated on a 7,005 SF lot. At the rear of the property is a detached garage structure with three individual one-car garages and additional space for surface parking. The garage configuration presents potential for ADU conversion, subject to buyer verification. 10651 Whipple is positioned just minutes from the commercial corridors of Riverside Dr. and Ventura Blvd, offering immediate access to well-known neighborhood destinations including The Front Yard, Hungry Crowd, Forman’s Tavern, and Trader Joe’s. Major studio employers are nearby, including Warner Bros., Disney, and Universal, reinforcing consistent rental demand from entertainment and creative professionals. The property is also within close proximity to Lakeside Golf Club and the tree-lined residential streets that have long defined Toluca Lake’s appeal. Taken together, the vacant unit, FHA eligibility, and pride-of-ownership character make 10651 Whipple Street a compelling option for buyers seeking a manageable owner-user asset in one of the Valley’s most established neighborhoods.