New Multifamily Property in
10652 Whipple Street North Hollywood, CA 91602
10652 Whipple Street, North Hollywood, CA, 91602
$7,500,000
For Sale
$7,500,000
New 14-unit multifamily property in North Hollywood's Toluca Lake.
Property Size13,719 SF
Price / SF$546.69
Days on Market132
Property Features for 10652 Whipple Street
General Information
- Standard status
- Active
- Size
- 13,719 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing agency
JOHNHART REAL ESTATE
(818) 246-1099
Listed by
RAFFI SOUALIAN · License #01887303
Source
Corcoran
Added: Mar 13 Updated: Jul 6 at 12:17PM Checked: Jul 21 at 5:55AM
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.
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.
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 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.35M
$6.43M – $8.57M
NOI $514,157 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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 $7,500,000.
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.
