10828 Hesby St, North Hollywood CA 91601

Written By David Saghian

Luxury 5-Unit Multifamily Property Located In the Heart of North Hollywood

LIST PRICE: $3,695,000 CAP RATE: 6.10% GRM: 13.01 PRICE PER SQUARE FOOT: $500

Request Offering Memorandum

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 units—each thoughtfully designed with open floorplans, in-unit laundry, premium stainless steel appliances, and large windows that flood the interiors with natural light.

The 5-bedroom unit is leased at $6,000, both 4-bedroom units are leased at $5,250 each, and the 2-bedroom/3-bath ADU is leased at $3,750, reflecting strong rental demand and high-income potential. Offered at $3,695,000 with a real cap rate of 6.10%, the property is expected to generate approximately $284,112 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.

Investment Highlights

  • EXCELLENT 1031 Exchange opportunity – low maintenance, high-yield asset

  • BRAND-NEW construction with premium modern finishes throughout

  • NO Rent Control – AB1482 Exempt

  • SITUATED in prime North Hollywood (NoHo) – a highly desirable location attracting quality tenants

  • SPACIOUS in-unit laundry rooms with washers and dryers included

  • IDEAL UNIT MIX: (1) 5-bedroom, (2) 4-bedrooms, and (2) 2-bedrooms

Exclusively Listed By:

David Saghian

(310) 401-1559

dsaghian@lyonstahl.com

 
David Saghian
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