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Multifamily

10926 Hortense St

10926 Hortense St, North Hollywood, CA 91602

Listing Price: $4,100,000

Cap Rate
5.82%
Number of Units
20
GRM
11.20
Occupancy
97.0%
Price/Unit
$205,000
Price/Gross SF
$357.11
Gross SF
11,481

Investment Overview

Toluca Lake
Toluca Lake is named after its central natural lake and has attracted celebrities and families since its development in the 1920s. It features tree-lined streets, well-kept homes, and a lively village district with shops and cafes. Key landmarks include Toluca Lake itself, Lakeside Golf Club, and its proximity to Universal Studios.
• Located along Riverside Drive, close to major freeways.
• Strong community spirit with annual events.

West Toluca Lake
West Toluca Lake, west of Cahuenga Boulevard, is often considered part of North Hollywood. It offers a mix of homes and apartments, quick access to the NoHo Arts District, and is popular with young professionals.
• Bordered by the 101 Freeway and Lankershim Boulevard.
• Recent growth and revitalization.

Investment Highlights

  • Hard-to-find property in the most desired location of Toluca Lake adjacent Located within one block of Toluca Lake and West Toluca Lake communities
  • Walking distance to NoHo Arts District Gated and secured with ample parking
  • Full copper plumbing New water heater 2024 Newly installed electrical breakers Newly resurfaced driveway to be comp;eted in November 2025
  • Some units have private patios Recently completed SCEP inspection No Seismic Retrofit required
  • Large lot measuring 15,354 square feet
  • Ideal for addition of Accessory Dwelling Units
  • Strong in-place rents with upside due to area's desirability & access to transportation
  • Annual Rent Increase equal to CPI + 1% Rent Increase of 5% in 2025

Exclusively Listed By

Financing By

Multifamily

10926 Hortense St

Listing Price: $4,100,000

Cap Rate
5.82%
Number of Units
20
GRM
11.20
Occupancy
97.0%
Price/Unit
$205,000
Price/Gross SF
$357.11
Gross SF
11,481

Investment Highlights

  • Hard-to-find property in the most desired location of Toluca Lake adjacent Located within one block of Toluca Lake and West Toluca Lake communities
  • Walking distance to NoHo Arts District Gated and secured with ample parking
  • Full copper plumbing New water heater 2024 Newly installed electrical breakers Newly resurfaced driveway to be comp;eted in November 2025
  • Some units have private patios Recently completed SCEP inspection No Seismic Retrofit required
  • Large lot measuring 15,354 square feet
  • Ideal for addition of Accessory Dwelling Units
  • Strong in-place rents with upside due to area's desirability & access to transportation
  • Annual Rent Increase equal to CPI + 1% Rent Increase of 5% in 2025

Investment Overview

Toluca Lake Toluca Lake is named after its central natural lake and has attracted celebrities and families since its development in the 1920s. It features tree-lined streets, well-kept homes, and a lively village district with shops and cafes. Key landmarks include Toluca Lake itself, Lakeside Golf Club, and its proximity to Universal Studios. • Located along Riverside Drive, close to major freeways. • Strong community spirit with annual events. West Toluca Lake West Toluca Lake, west of Cahuenga Boulevard, is often considered part of North Hollywood. It offers a mix of homes and apartments, quick access to the NoHo Arts District, and is popular with young professionals. • Bordered by the 101 Freeway and Lankershim Boulevard. • Recent growth and revitalization.

Exclusively Listed By

Financing By

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