North Hollywood, CA 91601,10925 Hesby ST
$2,630,000
$2,499,000
5.2%
Est.Price: ?

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5,662 Sqft Lot

10925 Hesby ST North Hollywood, CA 91601

Est. payment /mo
SOLD DATE : 09/20/2018

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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

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California Regional MLS (CRMLS)
Listed by Elizabeth Maddox • The 2-4 Unit Specialists
Bought with John Acevedo • Dilbeck Real Estate

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Todd Kingsley

Agent | License ID: 02118744

+1(310) 710-8633

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