New Multifamily Property in
10652 Whipple ST, North Hollywood, CA 91602
For Sale
$6,668,888
New 14-unit multifamily property in North Hollywood's Toluca Lake.
Property Size13,719 SF
Price / SF$486.11
Days on Market279
Property Features for 10652 Whipple ST
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
JohnHart Real Estate
Listed By:
Raffi Soualian · License CA #01887303
(818) 464-5819
Source:
Benbelack
Added: Feb 5
Changed: Oct 31
Last Checked: Nov 8 at 2:27PM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,750
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,415,000
$4.4M
Cap Rate 7%
$3,153,571
$3.2M
Cap Rate 9%
$2,452,778
$2.5M
Market Conditions
NOI Build-Up for 13,719 SF
Gross rent
$436.3K $31.80/SF
− Vacancy
−$34.9K −$2.54/SF
EGI
$401.4K $29.26/SF
− OpEx
−$180.6K −$13.17/SF
NOI
$220.7K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,415,000
Cap Rate 7%
$3,153,571
Cap Rate 9%
$2,452,778
Alternative Uses
Best Use
Apartment 5plus
$3.15M
$2.76M – $3.68M
NOI $220,750 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.35M
$6.43M – $8.57M
NOI $514,157 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,081
Businesses Nearby
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Business Placement
Demographics for 91602, CA
19,647
Population
10,791
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
9,824
Density / Sq Mi
$97,994
Median Household Income
$61,134
Median Earnings
$2,186
Median Rent
$1,104,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in North Hollywood, CA
Properties on Market for Apartment buildings in North Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
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 ST North Hollywood, CA.
What is the asking price?
The asking price for this property is $6,668,888.
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.
