Newly Built 12-Unit Apartment
For Sale
$6,999,999
10821 Hartsook St, North Hollywood, CA 91601
Two-building multifamily property with townhouse residences, ADUs, solar panels, and individually metered utilities.
Property Size18,432 SF
Days on Market56
Property Features for 10821 Hartsook St
General Information
Standard status
Active
Size
18,432 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
18,432 SF
Year Built
2024
Listing Agency:
Trimax Realty, Inc.
Listed By:
Fred Nabati · License #01276914
(424) 704-3373
Source:
Milsteinestates
Added: Sep 11
Changed: Oct 31
Last Checked: Nov 4 at 7:07PM
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 Trimax Realty, Inc.
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Investment Insights
Based on property information with market context.
Completed in 2024, this multifamily property comprises two buildings with 12 residences. The unit mix includes 8 four-bedroom townhouses with 4.5 bathrooms each and 4 three-bedroom ADUs with 3 bathrooms each. Interior features include LVT flooring, quartz kitchen countertops, designer tile backsplashes, modern bathroom finishes, high-efficiency appliances, and keypad entry. Each unit has individually metered utilities, while owned solar panels and desert landscaping are included among the property improvements.
The property is located on Hartsook St in North Hollywood’s Arts District, with restaurants, coffee shops, bars, dog parks, green spaces, Metro stations, public transit, Burbank Airport, and NOHO West shopping and entertainment nearby. The 8 townhouse units are fully rented, and the property is reported with a 7.10% cap rate.
The property is located on Hartsook St in North Hollywood’s Arts District, with restaurants, coffee shops, bars, dog parks, green spaces, Metro stations, public transit, Burbank Airport, and NOHO West shopping and entertainment nearby. The 8 townhouse units are fully rented, and the property is reported with a 7.10% cap rate.
Key Highlights
- 12 units across two buildings, including 8 townhouses and 4 ADUs
- 8 four‑bedroom, 4.5‑bath townhouse units and 4 three‑bedroom, 3‑bath ADUs
- Completed in 2024 with LVT flooring, quartz countertops, and designer tile finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$296,586
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,931,720
$5.9M
Cap Rate 7%
$4,236,943
$4.2M
Cap Rate 9%
$3,295,400
$3.3M
Market Conditions
NOI Build-Up for 18,432 SF
Gross rent
$586.1K $31.80/SF
− Vacancy
−$46.9K −$2.54/SF
EGI
$539.2K $29.26/SF
− OpEx
−$242.7K −$13.17/SF
NOI
$296.6K $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%
$5,931,720
Cap Rate 7%
$4,236,943
Cap Rate 9%
$3,295,400
Alternative Uses
Best Use
Apartment 5plus
$4.24M
$3.71M – $4.94M
NOI $296,586 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.87M
$8.63M – $11.51M
NOI $690,789 @ 7.0% cap · market cap 9.87%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,232
Businesses Nearby
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Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-building multifamily property with townhouse residences, ADUs, solar panels, and individually metered utilities.
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 $6,999,999.
What are key features of this property?
This property features: 12 units across two buildings, including 8 townhouses and 4 ADUs; 8 four‑bedroom, 4.5‑bath townhouse units and 4 three‑bedroom, 3‑bath ADUs; Completed in 2024 with LVT flooring, quartz countertops, and designer tile finishes
