14-Bedroom ResidentialIncome — 10810 Hesby Street, North Hollywood, CA
$2,895,000
10810 Hesby Street, North Hollywood, CA
About this property
***Fully Occupied 6% Cap Rate*** Secure a high-yield asset in the heart of the NoHo Arts District with 10810 Hesby, a brand-new construction 4-unit property designed for the savvy investor seeking cash flow with minimal oversight. Delivering an exceptional fully stabilized 6% CAP rate with actual rents totaling $18,685/month, this turnkey asset stands out in a market where similar 4 unit developments have sold upwards of $3.3 million. The property features a unit mix of two 4bed and two 3bed units, all boasting open layouts, brand new appliances, 2 on site parking spots per unit, and in unit laundry. Best of all, this asset is not subject to rent control and comes with all units separately metered for utilities, allowing simple management and low recurring maintenance costs. This is a rare opportunity to own a high-margin investment in North Hollywood's fastest growing high demand rental pockets.
Property details
Location
10810 Hesby Street • North Hollywood, CA 91601
Listed by
James Oddino · VIP Realty California, PC