10742 Hortense Street, North Hollywood, CA 91602
Local realty services provided by:ERA Carlile Realty Group
10742 Hortense Street,North Hollywood, CA 91602
$4,795,000
- 18 Beds
- 18 Baths
- 8,596 sq. ft.
- Multi-family
- Pending
Listed by:oliver thornton
Office:hollywood estates
MLS#:25563549
Source:CRMLS
Price summary
- Price:$4,795,000
- Price per sq. ft.:$557.82
About this home
ELIGIBLE FOR 100% BONUS DEPRECIATION WITH ESTIMATED YEAR 1 FEDERAL TAX DEDUCTIONS OF APPROXIMATELY $232,000, VERIFIED BY A LEGITIMATE COST SEGREGATION EXPERT! SB-8 EXEMPT STATUS! Introducing "The Hortense VI," a newly completed, best-in-class 2025 townhome-style apartment complex located within the prestigious Toluca Lake enclave, one of Los Angeles' most exclusive and supply-constrained submarkets. This rare SB-8 exempt offering features six expansive 3-bedroom, 3-bathroom luxury residences, each appointed with high-end finishes, in-unit laundry, private two-car garages, and rooftop decks in select units. The property spans approximately 8,600 SF of net rentable area and 11,000 SF of gross building area (including ~2,400 SF of private garages) on a premium 9,408 SF lot. With four of six units leased at market rates and lease applications under review for the final two, the asset is poised to achieve $28,800/month in stabilized rental income. For owner-users, an opportunity exists to occupy one unit while generating approximately $24,000/month in supplemental revenue. Constructed by Thornton Development Group, the project is surrounded by $1M+ home sales and small-lot subdivisions, with nearby apartment comps closing above $800,000/unitunderscoring the exceptional basis. Located steps from Riverside Drive, Trader Joe's, the NoHo Arts District, and major studio employers, The Hortense VI represents a rare opportunity to secure a stabilized, high-yield asset in a true blue-chip neighborhood. Contact the listing agent today to arrange a private tour!
Contact an agent
Home facts
- Year built:2025
- Listing ID #:25563549
- Added:156 day(s) ago
- Updated:September 26, 2025 at 07:31 AM
Rooms and interior
- Bedrooms:18
- Total bathrooms:18
- Living area:8,596 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
Structure and exterior
- Year built:2025
- Building area:8,596 sq. ft.
- Lot area:0.22 Acres
Finances and disclosures
- Price:$4,795,000
- Price per sq. ft.:$557.82
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