10828 Hesby Street, North Hollywood, CA 91601
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
10828 Hesby Street,North Hollywood, CA 91601
$3,595,000
- 17 Beds
- 18 Baths
- 7,387 sq. ft.
- Multi-family
- Active
Listed by: david saghian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26754393
Source:CRMLS
Price summary
- Price:$3,595,000
- Price per sq. ft.:$486.67
About this home
We are pleased to present 10828 Hesby Street, a brand-new, 100% FULLY LEASED luxury 5- unit multifamily property located in the heart of North Hollywood, just minutes from Toluca Lake and Studio City and within walking distance 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. The 5-bedroom unit is leased at $6,000, both 4-bedroom units are leased at $5,250 each, the 2-bedroom/3-bath unit is leased at $3,750, and the 2-bedroom/2-bath ADU is rented at $3,100 reflecting strong rental demand and high-income potential. Offered at $3,595,000 with a REAL CAP RATE of 6.26%, the property is expected to generate approximately $280,200 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 seven dedicated parking spaces, the building offers excellent convenience. Prime location near major studios, with easy access to dining, cafes, entertainment options and freeways. Recent comparable sales in prime North Hollywood continue to demonstrate strong investor demand for well located multifamily assets. 11447 Cumpston St, a four unit property, just closed at $3,350,000, achieving $837,500 per unit. Additionally, 5663 Case Ave, a five unit property, sold for $3,900,000, reflecting $780,000 per unit. These trades underscore the premium pricing being achieved for quality assets in this highly sought after rental pocket. Ample street parking is also available for tenants and guests. Hesby Street presents a rare opportunity to acquire a low-maintenance, high-yield investment in one of L.A.'s most desirable rental markets. See OM in Docs....
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Home facts
- Year built:2025
- Listing ID #:26754393
- Added:13 day(s) ago
- Updated:May 03, 2026 at 10:30 AM
Rooms and interior
- Bedrooms:17
- Total bathrooms:18
- Kitchen Description:Dishwasher, Disposal, Microwave, Refrigerator
- Living area:7,387 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Year built:2025
- Building area:7,387 sq. ft.
- Lot area:0.12 Acres
Finances and disclosures
- Price:$3,595,000
- Price per sq. ft.:$486.67
Features and amenities
- Appliances:Dishwasher, Disposal
- Laundry features:Stacked
Parking
- Total parking spaces:7
- Parking description:Assigned
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