$4,444,500
NEW CONSTRUCTION $306K PRICE DROP

Estimated payment $25,725/month

Total Views 8,578
26 Beds
24 Baths
10,200 Sq Ft
$436 Price per Sq Ft

Highlights

  • New Construction
  • Gourmet Kitchen
  • Farmhouse Style Home
  • Solar Power System
  • Multi-Level Bedroom
  • High Ceiling

About This Home

Prime Investment Opportunity in the Heart of NOHO Brand New 2024/2025 Construction! Introducing a rare, newly constructed multi-family property in the vibrant North Hollywood Arts District, offering a total of 12 units across two buildings (10821-10829 Hartsook St.). This modern investment features 8 spacious townhouse units (5 beds, 4.5 baths each) fully rented at market rates and 4 additional ADUs (3 beds, 3 baths each), maximizing rental income potential. Designed with high-end finishes and durability in mind, every unit includes: Luxury Vinyl Tile (LVT) flooring throughout | Gourmet kitchens with quartz countertops & designer tile backsplashes |Sleek, modern bathrooms with premium tiling & custom mirrors | High-efficiency appliances and keypad entry for convenience & security | Individually metered utilities with owned solar panels for lower expenses | Low-maintenance desert landscaping. This turnkey investment offers strong financials, boasting a 5.88% cap rate. The property can be sold together for $8,889,000 or individually for $4,444,500 per building. If sold separately, an easement will be recorded for the shared driveway. Located in a high-demand rental market, tenants enjoy easy access to: Restaurants, coffee shops, and bars | Dog parks & green spaces | Metro stations & public transit | Burbank Airport | NOHO West shopping & entertainment. Full financial portfolio available upon request. Don't miss this exceptional opportunity to own a prime, high-yield asset in a thriving neighborhood!

Listing Agent

Stacy Blaugrund

Power Brokers License #01328402 Listed on: 03/14/2025

Co-Listing Agent

Fred Nabati

Trimax Realty, Inc. License #01276914

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,335

Year Built

  • Built in 2024 | New Construction

Lot Details

  • 6,769 Sq Ft Lot
  • South Facing Home

Home Design

  • Farmhouse Style Home
  • Split Level Home
  • Copper Plumbing
  • Stucco

Interior Spaces

  • 10,200 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • High Ceiling
  • Double Pane Windows
  • Sliding Doors
  • Den
  • Laminate Flooring
  • Property Views

Kitchen

  • Gourmet Kitchen
  • Breakfast Room
  • Breakfast Bar
  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 26 Bedrooms
  • Multi-Level Bedroom
  • Remodeled Bathroom
  • Powder Room
  • 24 Bathrooms
  • Double Vanity

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 14 Parking Spaces
  • Driveway

Utilities

  • Central Heating and Cooling System
  • Tankless Water Heater
  • Gas Water Heater
  • Sewer in Street

Additional Features

  • Solar Power System
  • Balcony

Listing and Financial Details

  • The owner pays for gardener
  • Assessor Parcel Number 2419-008-027

Community Details

Overview

  • 2 Buildings
  • 6 Units

Building Details

  • Vacancy Allowance $9,993

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,335

Year Built

Built in 2024 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: Farm House
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Prime Investment Opportunity in the Heart of NOHO Brand New 2024/2025 Construction! Introducing a rare, newly constructed multi-family property in the vibrant North Hollywood Arts District, offering a total of 12 units across two buildings (10821-10829 Hartsook St.). This modern investment features 8 spacious townhouse units (5 beds, 4.5 baths each) fully rented at market rates and 4 additional ADUs (3 beds, 3 baths each), maximizing rental income potential. Designed with high-end finishes and durability in mind, every unit includes: Luxury Vinyl Tile (LVT) flooring throughout | Gourmet kitchens with quartz countertops & designer tile backsplashes |Sleek, modern bathrooms with premium tiling & custom mirrors | High-efficiency appliances and keypad entry for convenience & security | Individually metered utilities with owned solar panels for lower expenses. Call us for more!
  • Alley: No
  • Building Permit: Yes
  • Entry Location: Ground Level w/steps
  • Living Area: 10200
  • Lot Acreage: 0.1554
  • Probate: No
  • Property Condition: New Construction
  • Stories: 3
  • Year Built: 2024
  • Number Of Photos: 31
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 6
  • Number Disposal: 6
  • Number Range: 6
  • Number Refrigerator: 6
  • Flooring: Laminate
  • Appliances: Built-Ins, Oven, Microwave, Range
  • Bedrooms: 26
  • Bedroom Features: Multi-Level Bedroom
  • Common Walls: Attached
  • Bathroom Features: Double Vanity(s), Fiberglass Shower Enclosure, Powder Room, Remodeled
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Gourmet Kitchen, Quartz Counters, Remodeled
  • Laundry: In Unit, Inside
  • Laundry Equipment: Own
  • Total Bathrooms: 24.00
  • Den: 1
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Gas Dryer Hookup, Microwave, Range/Oven, Refrigerator, Solar Panels, Washer
  • Price Per S Q F T: 435.74
  • Windows: Double Pane Windows

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: Balcony, Full Copper Plumbing, High Ceilings (9 Feet+), Sliding Glass Doors
  • Other Structures: Accessory Bldgs
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway
  • Total Parking: 14

Utilities

  • Water Heater: Gas, Tankless
  • Cooling: Central
  • Heating: Central
  • Number Electric Meters: 5
  • Number Gas Meters: 6
  • Number Water Meters: 6
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: In Street
  • Water: Public
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 665856
  • Assessed Land Percent: 60
  • Assessed Land Value: 998784
  • Total Assessed Value: 1664640
  • Assessor Parcel Number: 2419-008-027
  • Lot Size Area: 6769

Rental Info

  • Number Leased: 5
  • Total Actual Rent: 325200.00
  • Land Lease Type: Fee
  • Owner Pays: Gardener
  • Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.34
  • Number Of Units: 6
  • Total Annual Expense: 72595
  • Type Of Units: Townhouses
  • Vacancy Allow: 9993
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 0

Tax Info

  • Private Transfer Taxes: No

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,335 $1,697,932 $1,018,759 $679,173
2024 $20,335 $1,664,640 $998,784 $665,856
2023 $19,938 $1,632,000 $979,200 $652,800
2022 $12,247 $1,020,000 $765,000 $255,000
2021 $12,098 $1,000,000 $750,000 $250,000
2020 $10,250 $825,572 $712,102 $113,470
2019 $7,004 $567,344 $462,916 $104,428
2018 $6,897 $556,221 $453,840 $102,381
2017 $0 $545,316 $444,942 $100,374
2016 $6,587 $534,624 $436,218 $98,406
2015 $6,492 $526,594 $429,666 $96,928
2014 $6,530 $516,280 $421,250 $95,030
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Price Changed $4,444,500 0.0% $436 / Sq Ft
06/25/2025 06/25/25 Price Changed $3,500 0.0% $3 / Sq Ft
06/25/2025 06/25/25 Price Changed $4,525,000 0.0% $444 / Sq Ft
05/29/2025 05/29/25 Price Changed $3,550 -1.4% $3 / Sq Ft
05/29/2025 05/29/25 Price Changed $3,600 -1.4% $3 / Sq Ft
05/26/2025 05/26/25 Price Changed $3,650 -1.4% $3 / Sq Ft
05/21/2025 05/21/25 Price Changed $3,700 0.0% $3 / Sq Ft
05/16/2025 05/16/25 Price Changed $4,575,000 0.0% $449 / Sq Ft
05/02/2025 05/02/25 Price Changed $3,750 0.0% $3 / Sq Ft
04/05/2025 04/05/25 Price Changed $4,625,000 0.0% $453 / Sq Ft
03/27/2025 03/27/25 Price Changed $3,800 0.0% $3 / Sq Ft
03/14/2025 03/14/25 For Sale $4,750,000 0.0% $466 / Sq Ft
02/24/2025 02/24/25 Price Changed $3,900 -2.5% $3 / Sq Ft
02/01/2025 02/01/25 Price Changed $4,000 -18.4% $3 / Sq Ft
01/20/2025 01/20/25 For Rent $4,900 -2.0% --
08/05/2024 08/05/24 Rented $5,000 0.0% --
07/16/2024 07/16/24 For Rent $5,000 0.0% --
11/20/2020 11/20/20 Sold $1,000,000 -4.7% $589 / Sq Ft
10/31/2020 10/31/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $1,049,000 -- $618 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed -- None Listed On Document
Grant Deed $1,000,000 Lawyers Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Ticor Title Company Of Calif
Interfamily Deed Transfer -- None Available
Grant Deed -- Diversified Title & Escrow S
Gift Deed -- Fidelity National Title Co
Grant Deed $145,000 --
Trustee Deed $222,485 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $2,200,000 Construction
Previous Owner $300,000 New Conventional
Previous Owner $175,000 Unknown
Previous Owner $165,000 No Value Available
Previous Owner $140,650 Seller Take Back
Source: Public Records

Similar Home in North Hollywood, CA

  • 10827 Hartsook St, North Hollywood, CA 91601

    $4,444,500

    • 26 Beds
    • 24 Baths
    • 10,200 Sq Ft
    • 10827 Hartsook St
    • North Hollywood, CA

    Prime Investment Opportunity in the Heart of NOHO Brand New 2024/2025 Construction! Introducing a rare, newly constructed multi-family property in the vibrant North Hollywood Arts District, offering a total of 12 units across two buildings (10821-10829 Hartsook St.). This modern investment features 8 spacious townhouse units (5 beds, 4.5 baths each) fully rented at market rates and 4 additional

    Stacy Blaugrund Power Brokers

    Section Image

Source: The MLS

MLS Number: 25511739

The MLS

APN: 2419-008-027