$1,895,000

10923 Moorpark St North Hollywood, CA 91602

Estimated payment $11,695/month

Total Views 362
7 Beds
7 Baths
4,404 Sq Ft
$430 Price per Sq Ft

Highlights

  • Property is near a park
  • Wooded Lot
  • Lawn
  • Rio Vista Elementary Rated A-
  • Traditional Architecture
  • No HOA

About This Home

Welcome to Toluca Lake, North Hollywood - Where creativity meets the community. This meticulously maintained 4 unit with three large 2bdrm/2bath townhouse style two story units and one large 1bdrm 2nd level unit is complete with upgrades including newer appliances, laminated flooring, AC, water heaters and washer and dryers in each unit. Located just minutes from some of the world's most iconic studios - Universal, Warner Bros., ABC and Walt Disney - ideal for entertainment professionals and creatives alike. Just steps away is the NoHo Arts District that brings a dynamic energy, with theaters, galleries, boutique stores, restaurants and live performance spaces. There is plenty of on-site parking with 8 covered spaces - 2 for each 2bdrm unit, 1 for the 1bdrm and 1 for guest parking. Immediate upside in rental income with annual overdue rental increases for the 2bdrm units. With strong rental demand, walkable amenities and an unbeatable location near major studios, this is more than just a 4 plex, it's a long-term investment in one of LA's most resilient submarkets. A prime location that is within minutes of the local freeway system with access to the CA-101, 134, 101 and a 10-minute drive to the 405 frwy. Seller's intention is to perform a IRC 1031 Exchange with exchange properties already identified.

Listing Agent

Michael Talbot

Estate Properties Brokerage Phone: 310-422-4309 License #00645363 Listed on: 07/15/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,385

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 6,347 Sq Ft Lot
  • Lot Dimensions are 50x127
  • Two or More Common Walls
  • Wrought Iron Fence
  • Block Wall Fence
  • Landscaped
  • Rectangular Lot
  • Level Lot
  • Wooded Lot
  • Lawn
  • Garden
  • Front Yard
  • Density is 16-20 Units/Acre

Parking

  • 3 Car Garage
  • 5 Carport Spaces
  • Parking Available
  • Driveway
  • Assigned Parking

Home Design

  • Traditional Architecture
  • Quadruplex
  • Turnkey
  • Brick Foundation
  • Fire Rated Drywall
  • Frame Construction
  • Composition Roof
  • Seismic Tie Down

Interior Spaces

  • 4,404 Sq Ft Home
  • 2-Story Property
  • Window Screens
  • Family Room with Fireplace
  • Carbon Monoxide Detectors

Kitchen

  • Gas Oven
  • Built-In Range
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • All Upper Level Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Forced Air Heating and Cooling System
  • Source of electricity is unknown
  • Gas Water Heater
  • Phone Available
  • Cable TV Available
  • TV Antenna

Listing and Financial Details

  • Tax Lot 44
  • Tax Tract Number 6814
  • Assessor Parcel Number 2423008025
  • $589 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units

Recreation

  • Park
  • Dog Park
  • Bike Trail

Pet Policy

  • Pets Allowed
  • Pet Restriction

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $1,294
  • Gardener Expense $1,800
  • Insurance Expense $5,916
  • Trash Expense $1,130
  • Water Sewer Expense $1,773
  • New Taxes Expense $23,750
  • Operating Expense $35,037
  • Gross Income $104,557
  • Net Operating Income $69,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,385

Year Built

Built in 1981 | Remodeled

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • CapRate: 3.70
  • Price Per Unit: 473750
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Security: Carbon Monoxide Detector(s)
  • View: No
  • Water Sewer Expenses: 1773.00
  • Zoning: LARD1.5
  • Architectural Style: Traditional
  • Property Condition: Turnkey, Updated/Remodeled
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Gardener Expense: 1800.00
  • Parcel Number: 2423008025
  • Year Built: 1981
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 2
  • Entry Location: front door
  • Common Walls: 2+ Common Walls
  • Appliances: Yes
  • Entry Level: 1
  • Fireplace Features: Family Room
  • Levels: Two
  • Price Per Square Foot: 430.29
  • Room Type: All Bedrooms Up
  • Window Features: Screens

Exterior Features

  • Foundation: Brick/Mortar, Seismic Tie Down
  • Exterior Features: TV Antenna
  • Fence: Yes
  • Fencing: Block, Wrought Iron
  • Pool Private: No
  • Roof: Composition
  • Spa: No
  • Construction Materials: Drywall Walls, Frame

Garage/Parking

  • Carport Spaces: 5.00
  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Assigned, Carport, Driveway, Concrete
  • Total Parking Spaces: 8.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Disposal, Gas Oven, Gas Range, Gas Cooktop, Gas Water Heater, Refrigerator
  • Electric: Electricity - Unknown, Standard
  • Heating Type: Forced Air
  • Laundry Features: Dryer Included, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 1130.00
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Amenities: Pet Rules, Pets Permitted
  • Senior Community: No
  • Community Features: Biking, Dog Park, Park

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre, Front Yard, Garden, Landscaped, Lawn, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Park Nearby, Treed Lot
  • Lot Size: 50x127
  • Lot Size Sq Ft: 6347.00
  • Lot Size Acres: 0.1457
  • Latitude Manual: 34.15060000

Rental Info

  • Tenant Pays: All Utilities, Cable TV

Multi Family

  • Average1 Bed Area: 750 Square Feet
  • Average2 Bed Area: 1200 Square Feet
  • Electric Expense: 1294.00
  • Gross Income: 104557.00
  • Gross Multiplier: 18.00
  • Gross Operating Income: 104557.00
  • Gross Scheduled Income: 104557.00
  • Gross Spendable Income: 69520.00
  • Insurance Expense: 5916.00
  • Lot Size Area: 6347.0000 Square Feet
  • Net Operating Income: 69520.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Carpet: 3
  • Number With Disposal: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 35037.00
  • Rent Control: No
  • Total Actual Rent: 8713.10
  • Total Expenses: 35037.00

Tax Info

  • New Taxes Expense: 23750.00
  • Tax Census Tract: 1432.00
  • Tax Lot: 44
  • Tax Tract Number: 6814
  • TaxOtherAnnualAssessmentAmount: 589.00

Map

Range of Values:

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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
2024 $14,385 $1,149,963 $394,469 $755,494
2023 $14,111 $1,127,416 $386,735 $740,681
2022 $13,462 $1,105,310 $379,152 $726,158
2021 $13,281 $1,083,638 $371,718 $711,920
2019 $12,888 $1,051,499 $360,694 $690,805
2018 $12,754 $1,030,882 $353,622 $677,260
2016 $12,164 $990,854 $339,892 $650,962
2015 $11,988 $975,971 $334,787 $641,184
2014 $12,046 $956,854 $328,229 $628,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 For Sale $1,895,000 -- $430 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- Title365 Company
Interfamily Deed Transfer -- Title365 Company
Grant Deed $825,000 Alliance Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Individual Deed $365,000 Gateway Title Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $302,000 New Conventional
Closed $331,000 New Conventional
Closed $357,280 New Conventional
Closed $395,000 Purchase Money Mortgage
Previous Owner $20,000 Credit Line Revolving
Previous Owner $251,900 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SB25159357

California Regional Multiple Listing Service (CRMLS)

APN: 2423-008-025