Log In/Sign Up
Your email has been sent.
10826 Hesby St 5 Unit Apartment Building $5,060,746 CAD ($1,012,149 CAD/Unit) 6.09% Cap Rate North Hollywood, CA 91601
Investment Highlights
- Real Cap Rate of 6.09%
- Ideal unit mix: (1) 5-bedroom, (2) 4-bedrooms, and (2) 2-bedrooms
- All units fully equipped with high-end stainless steel kitchen appliances
- Brand-new construction with premium modern finishes throughout
- Tenants pay all utilities – reducing operating expenses and increasing NOI
- No Rent Control – AB1482 Exempt
Executive Summary
We are pleased to present 10826 Hesby Street, a brand new luxury five unit multifamily property located in the heart of North Hollywood, just minutes from Toluca Lake and Studio City and near the vibrant NoHo Arts District. 4 of the 5 units are leased, with applications in hand for the fifth unit! The five bedroom unit is currently rented for $6,000 per month, both four bedroom units are leased at $5,250 per month each, and a two bedroom unit is rented for $3,750 per month. This non rent controlled asset features an ideal unit mix of one five bedroom, two four bedroom, and two two bedroom units. Each residence is thoughtfully designed with open floor plans, ultra high end finishes, in unit laundry, premium stainless steel appliances, and large windows that provide abundant natural light. Offered at $3,695,000 with a real cap rate of 6.09%, the property currently generates $284,112 in annual rental income, making it one of the best priced new construction opportunities in the area. Tenants pay all utilities, helping to keep operating expenses low, and the property includes a one year builder's warranty for additional peace of mind. The building offers excellent convenience surrounded by shops, restaurants, and entertainment. 10826 Hesby Street presents a rare opportunity to acquire a low maintenance, high yield investment in one of Los Angeles's most desirable rental markets. Recent comparable sales in prime North Hollywood continue to demonstrate strong investor demand for well located multifamily assets. 11447 Cumpston St, a four unit property, just closed at $3,350,000, achieving $837,500 per unit. Additionally, 5663 Case Ave, a five unit property nearby, sold for $3,900,000, reflecting $780,000 per unit. These trades underscore the premium pricing being achieved for quality assets in this highly sought after rental pocket. Buyer to verify all information.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,060,746 CAD | Property Subtype | Apartment |
| Price Per Unit | $1,012,149 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.09% | Lot Size | 0.12 AC |
| Sale Condition | 1031 Exchange | Building Size | 7,387 SF |
| Gross Rent Multiplier | 13.01 | Average Occupancy | 80% |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Zoning | LARD1.5 | ||
| Price | $5,060,746 CAD |
| Price Per Unit | $1,012,149 CAD |
| Sale Type | Investment |
| Cap Rate | 6.09% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 13.01 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 7,387 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | LARD1.5 |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Microwave
- Washer/Dryer
- Kitchen
- Hardwood Floors
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Freezer
- Island Kitchen
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | $4,692 CAD | 790 |
| 2+3 | 1 | $5,136 CAD | 1,074 |
| 4+4 | 1 | $7,191 CAD | 1,821 |
| 4+4.5 | 1 | $7,191 CAD | 1,690 |
| 5+4.5 | 1 | $8,218 CAD | 2,028 |
1 1
Walk Score®
Very Walkable (85)
Property Taxes
| Parcel Number | 2419-005-009 | Total Assessment | $1,286,538 CAD |
| Land Assessment | $793,342 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $493,196 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
2419-005-009
Land Assessment
$793,342 CAD
Improvements Assessment
$493,196 CAD
Total Assessment
$1,286,538 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 103
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
10826 Hesby 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.