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    10821 Hartsook St North Hollywood, CA 91601

    View on Map
    Sponsored
    For Sale
    $8,500,000

    MULTI_FAMILY - North Hollywood, CA

    Property size:
    18,432 SF
    Lot size:
    0.16 Acres
    Days on Market:
    27
    Last Refresh:
    Mar 24 at 6:06 am

    Property Features for 10821 Hartsook St

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Window features
    Double Pane Windows
    Zoning
    LARD1.5
    Rooms
    Bedroom 17, Bathroom 24, Bathroom 34, Bathroom 42, Bedroom 26, Bedroom 27, Bedroom 28, Bedroom 6, Bedroom 21, Bedroom 12, Bathroom 18, Bedroom 9, Bedroom 10, Bathroom 26, Bathroom 28, Bathroom 4, Bedroom 32, Bathroom 9, Bathroom 12, Bedroom 1, Bathroom 17, Bathroom 11, Bedroom 33, Bathroom 15, Bathroom 1, Bathroom 22, Bedroom 15, Bathroom 20, Bedroom 41, Bedroom 25, Bathroom 23, Bedroom 16, Bedroom 30, Bathroom 45, Bedroom 20, Bedroom 42, Bathroom 8, Bedroom 4, Bathroom 3, Bathroom 35, Bedroom 19, Bedroom 36, Bathroom 19, Bedroom 31, Bathroom 48, Bathroom 16, Bedroom 37, Bathroom 32, Bathroom 21, Bedroom 40, Bathroom 43, Bedroom 24, Bathroom 44, Bathroom 7, Bathroom 31, Bedroom 43, Bathroom 33, Bedroom 38, Bedroom 7, Bedroom 23, Bathroom 10, Bathroom 2, Bathroom 39, Bathroom 25, Bathroom 5, Den, Bathroom 40, Bedroom 5, Bathroom 37, Bathroom 27, Bedroom 22, Bathroom 14, Bedroom 14, Bedroom 18, Bedroom 11, Bathroom 6, Bedroom 13, Bathroom 46, Bathroom 30, Bedroom 34, Bedroom 29, Bathroom 13, Bedroom 8, Bathroom 41, Bedroom 39, Bathroom 36, Bathroom 29, Bedroom 35, Bedroom 3, Bathroom 38, Bedroom 44, Bathroom 47, Bedroom 2
    Bedrooms
    44
    Bathrooms
    48
    APN
    2419-008-027
    Parking
    14
    Parking features
    Driveway
    Appliances
    Built-Ins, Oven, Microwave, Range
    Size
    18,432 SF
    Lot size
    0.16 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    3
    Number of units
    12
    Flooring type
    Laminate

    We can help!

    Listing Contact
    Fred Nabati

    Trimax Realty, Inc.

    Listing agent Fred Nabati License #01276914

    Listing date Feb 25, 2026

    MLS# 25626619

    Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Multifamily Investment in NoHo

    This newly constructed multi-family property in the North Hollywood Arts District features a total of 12 units across two buildings. The property includes 8 townhouse units, each with 4 beds and 4.5 baths, fully rented at market rates, and 4 additional ADUs, each with 3 beds and 3 baths, maximizing rental income potential. Every unit includes luxury vinyl tile flooring, gourmet kitchens with quartz countertops and designer tile backsplashes, sleek, modern bathrooms with premium tiling and custom mirrors, high-efficiency appliances, and keypad entry. Utilities are individually metered, and the property has owned solar panels. The property features low-maintenance desert landscaping. Located in a high-demand rental market, tenants have easy access to restaurants, coffee shops, bars, dog parks, green spaces, metro stations, public transit, Burbank Airport, and NOHO West shopping and entertainment. The property is zoned LARD1.5 and sits on a lot of 0.1554 acres. The property size is 18432 square feet. The seller is willing to buy down the rate for the buyer and pay extra concessions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.366741
    Latitude
    34.163813

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    FAQs

    What type of property is this?
    Apartment building - New construction multifamily property with 12 units in North Hollywood.
    Where is this apartment building located?
    The property is located at 10821 Hartsook St North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $8,500,000.
    What are key features of this property?
    This property features: - New 2024/2025 Construction: Enjoy modern design and reduced maintenance.; - High Income Potential: Features 12 units (8 townhouses, 4 ADUs) fully rented at market rates.; - Strong Financials: Boasts a **6.22% cap rate**, indicating a high-yield investment opportunity.
    (424) 704-3373
    Request Owner's contact information
    10821 Hartsook St North Hollywood, CA 91601
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    North Hollywood, CA 91601
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10821 Hartsook St North Hollywood, CA 91601
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    We can help!
    Listing Contact
    Fred Nabati
    Real Estate License ID: 01276914
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