Multifamily
11025 Blix St
11025 Blix St, North Hollywood, CA 91602
Listing Price: $2,700,000
Investment Overview
Marcus & Millichap is pleased to present 11025 Blix, a brand-new 2025 four-unit community in the heart of Toluca Lake. The Property comprises two structures on a single8,260-square-foot lot — a front duplex of two 4BR/3BA split-level townhomes and a rear pair of detached 2BR/2BA accessory dwelling units — totaling ±4,958 rentable square feet.
Every unit was delivered with European cabinetry, stainless Samsung appliances, in-unit washer/dryer, vinyl-plank flooring, custom shades, and central HVAC. The property is gated and carries owned solar offsetting common-area load; the two front townhomes include four dedicated parking spaces. There is no deferred maintenance and the lowest reserve and repair tier appropriate for a 2025 build.
By its 2025 vintage the asset is exempt from the City of Los Angeles Rent Stabilization Ordinance and California AB 1482, and the owner-friendly expense structure —tenants pay trash, electric, and internet/cable on this all-electric property — drives a clean operating profile. The all-new, low-touch configuration broadens the buyer pool well beyond a typical value-add four-unit to 1031 exchange buyers, private local investors, and first-time multifamily buyers seeking turnkey product.
Offered at $2,700,000 — $675,000 per unit and $545 per square foot — the Property reflects a 5.27% cap rate on stabilized income, pricing approximately 3% below the sold-comp per-unit median while delivering a measurable yield premium to recent Toluca Lake and North Hollywood closings. A disciplined, clear-to-trade opportunity in an established Toluca Lake location.
11025 Blix St
Investment Highlights
- Brand-New 2025 Construction - Newly completed four-unit asset with virtually no deferred maintenance, minimizing near-term capital expenditures.
- Prime Toluca Lake Location - Situated in one of the San Fernando Valley's most desirable neighborhoods, within approximately three miles of Warner Bros., Universal Studios, and Disney.
- RSO & AB 1482 Exempt - Built in 2025, the property is exempt from Los Angeles RSO and California AB 1482, providing maximum flexibility on rent increases and tenancy management.
- Efficient Expense Structure - All-electric property with owned solar panels, while tenants pay trash, electricity, and internet/cable, contributing to a low 23.2% operating expense ratio.
- Highly Desirable Unit Mix - Comprised of two 4-bedroom/3-bath townhomes and two detached 2-bedroom/2-bath ADUs, appealing to families, entertainment professionals, and high-income renters.
- Luxury Turnkey Finishes - Features European cabinetry, Samsung stainless-steel appliances, in-unit washers and dryers, central HVAC, custom shades, and gated entry, supporting premium rents and tenant retention.
Exclusively Listed By
Financing By
Listing Price: $2,700,000
Investment Highlights
- Brand-New 2025 Construction - Newly completed four-unit asset with virtually no deferred maintenance, minimizing near-term capital expenditures.
- Prime Toluca Lake Location - Situated in one of the San Fernando Valley's most desirable neighborhoods, within approximately three miles of Warner Bros., Universal Studios, and Disney.
- RSO & AB 1482 Exempt - Built in 2025, the property is exempt from Los Angeles RSO and California AB 1482, providing maximum flexibility on rent increases and tenancy management.
- Efficient Expense Structure - All-electric property with owned solar panels, while tenants pay trash, electricity, and internet/cable, contributing to a low 23.2% operating expense ratio.
- Highly Desirable Unit Mix - Comprised of two 4-bedroom/3-bath townhomes and two detached 2-bedroom/2-bath ADUs, appealing to families, entertainment professionals, and high-income renters.
- Luxury Turnkey Finishes - Features European cabinetry, Samsung stainless-steel appliances, in-unit washers and dryers, central HVAC, custom shades, and gated entry, supporting premium rents and tenant retention.
Investment Overview
Marcus & Millichap is pleased to present 11025 Blix, a brand-new 2025 four-unit community in the heart of Toluca Lake. The Property comprises two structures on a single8,260-square-foot lot — a front duplex of two 4BR/3BA split-level townhomes and a rear pair of detached 2BR/2BA accessory dwelling units — totaling ±4,958 rentable square feet. Every unit was delivered with European cabinetry, stainless Samsung appliances, in-unit washer/dryer, vinyl-plank flooring, custom shades, and central HVAC. The property is gated and carries owned solar offsetting common-area load; the two front townhomes include four dedicated parking spaces. There is no deferred maintenance and the lowest reserve and repair tier appropriate for a 2025 build. By its 2025 vintage the asset is exempt from the City of Los Angeles Rent Stabilization Ordinance and California AB 1482, and the owner-friendly expense structure —tenants pay trash, electric, and internet/cable on this all-electric property — drives a clean operating profile. The all-new, low-touch configuration broadens the buyer pool well beyond a typical value-add four-unit to 1031 exchange buyers, private local investors, and first-time multifamily buyers seeking turnkey product. Offered at $2,700,000 — $675,000 per unit and $545 per square foot — the Property reflects a 5.27% cap rate on stabilized income, pricing approximately 3% below the sold-comp per-unit median while delivering a measurable yield premium to recent Toluca Lake and North Hollywood closings. A disciplined, clear-to-trade opportunity in an established Toluca Lake location.
Exclusively Listed By
Financing By
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