$3,900,000

Estimated payment $22,194/month

Total Views 302
17 Beds
18 Baths
7,350 Sq Ft
$531 Price per Sq Ft

Highlights

  • Popular Property
  • Marble Countertops
  • Bathtub with Shower
  • Solar Power System
  • Home Office
  • Living Room

About This Home

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 nearby 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 unitseach thoughtfully designed with open floorplans, in-unit laundry, premium stainless steel appliances, and large windows that flood the interiors with natural light. Offered at $3,900,000 with a projected cap rate of 5.98%, the property is expected to generate approximately $304,800 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. Buyer to verify all information.

Listing Agent

David Saghian

Lyon Stahl Investment Real Estate, Inc. License #01992252 Listed on: 08/19/2025

Lyon Stahl Investment Real Estate, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,325

Year Built

  • Built in 2025

Lot Details

  • 5,400 Sq Ft Lot
  • Lot Dimensions are 40x135

Interior Spaces

  • 7,350 Sq Ft Home
  • 3-Story Property
  • Living Room
  • Dining Room
  • Home Office

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Marble Countertops

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 18 Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Washer

Parking

  • 8 Parking Spaces
  • Attached Carport
  • Uncovered Parking

Additional Features

  • Solar Power System
  • Central Heating

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 2419-005-009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,325

Year Built

Built in 2025

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Three Or More
  • Street Number Display: Yes
  • Living Area: 7350
  • Lot Acreage: 0.1240
  • Lot Dimensions: 40x135
  • Stories: 3
  • Year Built: 2025
  • Number Of Photos: 67
  • State Abbrv: CA
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Cooktop - Gas, Oven-Gas
  • Bedrooms: 17
  • Bathroom Features: Shower and Tub, Tile
  • Dining Room: 1
  • Family Room: 0
  • Kitchen Features: Island, Marble Counters
  • Laundry: In Unit
  • Laundry Equipment: Own
  • Total Bathrooms: 18.00
  • Den: 0
  • Equipment: Dishwasher, Washer, Solar Panels, Range/Oven, Microwave
  • Price Per S Q F T: 530.61

Exterior Features

  • Other Structures: Accessory Bldgs

Garage/Parking

  • Parking Garage: Carport Attached, Uncovered
  • Total Parking: 8

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 38.34
  • Assessed Improvement Value: 354600
  • Assessed Land Percent: 61.66
  • Assessed Land Value: 570400
  • Total Assessed Value: 925000
  • Assessor Parcel Number: 2419-005-009
  • Lot Size Area: 5400

Rental Info

  • Tenant Pays: Water, Gas, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110
  • Gross Rent Multiplier: 12.80
  • Number Of Units: 5
  • Total Annual Expense: 59500
  • Type Of Units: 5
  • Vacancy Allow Percent: 4.00
  • Vacancy Rate: 100%

Map

Range of Values:

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Average Value
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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 $11,325 $943,500 $581,808 $361,692
2024 $11,325 $925,000 $570,400 $354,600
2023 $722 $48,245 $31,072 $17,173
2022 $692 $47,300 $30,463 $16,837
2021 $677 $46,373 $29,866 $16,507
2019 $657 $44,999 $28,981 $16,018
2018 $628 $44,117 $28,413 $15,704
2016 $586 $42,406 $27,310 $15,096
2015 $578 $41,770 $26,900 $14,870
2014 $588 $40,953 $26,374 $14,579
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Rent $5,500 -6.2% --
08/22/2025 08/22/25 For Rent $5,866 0.0% --
08/19/2025 08/19/25 For Sale $3,900,000 +321.6% $531 / Sq Ft
08/11/2023 08/11/23 Sold $925,000 -2.6% $850 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/27/2023 06/27/23 For Sale $950,000 0.0% $873 / Sq Ft
06/13/2023 06/13/23 Pending -- -- --
06/11/2023 06/11/23 For Sale $950,000 -- $873 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,495,000 New Conventional
Closed $1,720,800 New Conventional
Previous Owner $304,000 New Conventional
Previous Owner $130,865 Unknown
Previous Owner $250,000 Credit Line Revolving
Previous Owner $200,000 Credit Line Revolving
Previous Owner $100,000 Credit Line Revolving
Previous Owner $35,000 Credit Line Revolving
Previous Owner $55,000 Credit Line Revolving
Previous Owner $210,000 No Value Available
Previous Owner $57,928 Credit Line Revolving
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

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    Section Image

Source: The MLS

MLS Number: 25580597

The MLS

APN: 2419-005-009