For more information regarding the value of a property, please contact us for a free consultation.
10925 Hesby ST North Hollywood, CA 91601
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $2,630,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB18116794
Year Built 2018
Annual Tax Amount $29,813
Lot Size 5,662 Sqft
Property Description
10925 Hesby is a luxurious 2018 CONSTRUCTION fourplex that is made up of four 3-story townhome style units. This property is in the final stages of construction, with completion estimated to be May or June 2018. This property provides investors an exceptional projected cap rate of 5.39%. In addition to the high return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1 year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. Not to mention, 10925 Hesby is located in an A+ neighborhood on a peaceful residential street sandwiched between Toluca Lake and the NoHo Arts District. A trophy property in an unbeatable location with a huge return– that is a true recipe for success!
The front building consists of two enormous 3 bedroom, 3.5 bathroom units totaling 3,000 square feet with projected rents of $3,825 per unit. The back building is made up of two 3 bedroom, 3 bathroom units, each 1,132 square feet, with projected rents of $3,550 a piece. There are three 2-car garages on site as well as two additional exterior parking spaces.
The units feature top of the line appliances, high quality finishes, spacious floor plans and laundry hookups in unit.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Interior
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 6.0
Garage Description 6.0
Fence Excellent Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Flat
Building
Lot Description Drip Irrigation/Bubblers, Landscaped
Story 3
Sewer Public Sewer
Water Public
New Construction Yes
Others
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Read Less
Bought with John Acevedo • Dilbeck Real Estate