Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    10652 Whipple Street North Hollywood, CA 91602

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,888,888

    New 14-unit multifamily property in North Hollywood's Toluca Lake.

    Property size:
    13,719 SF
    Price / SF:
    $575/SF
    Added:
    Mar 13, 2026
    Days on Market:
    57
    Last Refresh:
    Mar 16 at 10:56 am

    Property Features for 10652 Whipple Street

    General Information

    Standard status
    Active
    Size
    13,719 SF

    Building Details

    Year Built
    2025

    We can help!

    Listing Contact
    RAFFI SOUALIAN

    Listing agent RAFFI SOUALIAN License #01887303

    Listing office JOHNHART REAL ESTATE

    Listing date Mar 13, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of JOHNHART REAL ESTATE

    HighLights

    • Brand‑new 2025 multifamily property in the highly desirable Toluca Lake neighborhood.
    • Excellent unit mix of nine 1‑bedroom/1‑bath and five 2‑bedroom/1‑bath units.
    • Eleven units include attached garage parking, a rare amenity.
    • Spacious floorplans with private balconies and in‑unit washer and dryer.
    • Strong rental demand due to proximity to major studios, dining, and shopping.
    • Turnkey investment opportunity for stable income.

    Overview

    New Multifamily Property in Toluca

    Located in the Toluca Lake neighborhood of North Hollywood, this multifamily property is an investment opportunity. The property, planned for 2025, will feature 14 units with approximately 13,719 square feet of living space. The unit mix includes nine 1-bedroom/1-bath units and five 2-bedroom/1-bath units. The property is designed with functional floorplans and includes private balconies, and in-unit washer and dryer. Eleven units will include attached garage parking. The property benefits from rental demand and proximity to studios, dining, shopping, and freeway access. This property is intended for investors seeking income in a centrally located neighborhood.
    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
    -118.3632327
    Latitude
    34.1477472

    Nearby Similar for Sale

    • $395,000

      Established Auto Body Shop

      Auto body shop for sale in North Hollywood.
      5635 Tujunga Avenue, North Hollywood, CA 91601
      View Details
    • $875,000
      2,720 SF

      North Hollywood Triplex on Corner Lot

      Triplex in North Hollywood with strong rental demand and accessibility.
      11667 Burbank, North Hollywood, CA 91601
      View Details
    • $1,400,000
      4,946 SF

      North Hollywood Multifamily Investment Opportunity

      Eight-unit multifamily property in North Hollywood with recent improvements.
      7601 Whitsett Ave, North Hollywood, CA 91605
      View Details
    • $1,600,000
      4,936 SF

      North Hollywood Multifamily Investment Opportunity

      Eight-unit multifamily property in North Hollywood with recent upgrades.
      7559 Whitsett Ave, North Hollywood, CA 91605
      View Details
    • $795,000

      North Hollywood Restaurant/Bar Opportunity

      Turnkey restaurant/bar in high-traffic North Hollywood location for sale.
      11671 Victory Boulevard, North Hollywood, CA 91606
      View Details
    • $1,195,000
      3,930 SF

      North Hollywood Multifamily Investment Opportunity

      Five-unit apartment building in a high-demand rental market.
      11849 Hart St, North Hollywood, CA 91605
      View Details
    • $2,250,000
      5,095 SF

      New Multifamily Property in NoHo

      New four-unit apartment near NoHo Arts District.
      5622 Willowcrest Ave, North Hollywood, CA 91601
      View Details
    • $2,150,000
      4,526 SF

      Newer Construction North Hollywood Duplex

      Two luxury residences built in 2021 near NoHo Arts District.
      5641 Riverton Ave, North Hollywood, CA 91601
      View Details
    • $2,150,000
      4,526 SF

      Newer Construction North Hollywood Duplex

      Luxury duplex built in 2021 with premium rental income.
      5637 Riverton Ave, North Hollywood, CA 91601
      View Details
    • $1,350,000
      2,080 SF

      North Hollywood Quadruplex: Owner-User Opportunity

      Rare opportunity near NoHo Arts District with renovated unit.
      5629 Cleon, North Hollywood, CA 91601
      View Details
    • $2,295,000
      5,783 SF

      Luxury North Hollywood Fourplex

      Modern fourplex in North Hollywood with high-end finishes.
      6732 Irvine Ave, North Hollywood, CA 91606
      View Details
    • $200,000

      Established Pizza Shop in North Hollywood

      Successful pizza shop for sale in high-traffic North Hollywood location.
      12061 Strathern Street, North Hollywood, CA 91605
      View Details

    FAQs

    What type of property is this?
    Apartment building - New 14-unit multifamily property in North Hollywood's Toluca Lake.
    Where is this apartment building located?
    The property is located at 10652 Whipple Street North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $7,888,888.
    What are key features of this property?
    This property features: Brand‑new 2025 multifamily property in the highly desirable Toluca Lake neighborhood.; Excellent unit mix of nine 1‑bedroom/1‑bath and five 2‑bedroom/1‑bath units.; Eleven units include attached garage parking, a rare amenity.
    (818) 464-5819
    We can help!
    Listing Contact
    RAFFI SOUALIAN
    Real Estate License ID: 01887303
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    10652 Whipple Street, North Hollywood, CA 91602
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!