Brand-New 14-Unit Apartment
10652 Whipple ST North Hollywood, CA 91602
10652 Whipple ST, North Hollywood, CA, 91602
$6,995,000
For Sale
$6,995,000
New 2025 multifamily property with 14 units, private balconies, and in-unit washer and dryer.
Property Size13,719 SF
Price / SF$509.88
Days on Market166
Property Features for 10652 Whipple ST
General Information
- Standard status
- Active
- Size
- 13,719 SF
- Property subtype
- MULTI_FAMILY
Building Details
- Year Built
- 2025
Listing agency
JohnHart Real Estate
(818) 464-5819
Listed by
Raffi Soualian · License #01887303
Source
Benbelack
Added: Feb 5 Updated: Jul 21 at 2:49AM Checked: Jul 21 at 2:49AM
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
Investment Insights
Based on property information with market context.
A brand-new 2025 apartment building offering 14 residential units across an excellent mix of nine 1-bedroom/1-bath homes and five 2-bedroom/1-bath homes. Units feature private balconies and in-unit washer and dryer for added day-to-day convenience. Parking is also a notable component of the design, with eleven units including attached garage parking.
Located at 10652 Whipple ST in North Hollywood, the property is positioned in the Toluca Lake area, with convenient access to major studios, dining, shopping, and freeway connections. The building is presented as a turnkey investment opportunity.
With 14 units and a unit mix designed for broad renter appeal, this property is structured for straightforward ownership and day-to-day management.
Located at 10652 Whipple ST in North Hollywood, the property is positioned in the Toluca Lake area, with convenient access to major studios, dining, shopping, and freeway connections. The building is presented as a turnkey investment opportunity.
With 14 units and a unit mix designed for broad renter appeal, this property is structured for straightforward ownership and day-to-day management.
Key Highlights
- Brand‑new 2025 multifamily property with 14 units and approximately 13,719 SF of living space
- Unit mix includes nine 1‑bedroom/1‑bath units and five 2‑bedroom/1‑bath units
- In‑unit washer and dryer in each unit
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $436.3k | $31.80 |
| − Vacancy | −$34.9k | −$2.54 |
| EGI | $401.4k | $29.26 |
| − OpEx | −$180.6k | −$13.17 |
| NOI | $220.7k | $16.09 |
13,719 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.15M
$2.76M – $3.68M
NOI $220,750 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.35M
$6.43M – $8.57M
NOI $514,157 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - New 2025 multifamily property with 14 units, private balconies, and in-unit washer and dryer.
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 $6,995,000.
What are key features of this property?
This property features: Brand‑new 2025 multifamily property with 14 units and approximately 13,719 SF of living space; Unit mix includes nine 1‑bedroom/1‑bath units and five 2‑bedroom/1‑bath units; In‑unit washer and dryer in each unit
