12-Unit New Apartment
New
For Sale
$7,179,000
10821 Hartsook St, North Hollywood, CA 91601
Residential Income, Farm House, North Hollywood, CA
Property Size18,432 SF
Lot Size0.16 Acres
Price / SF$389.49
Days on Market3
Property Features for 10821 Hartsook St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
44
Bathrooms
48
Full bathrooms
18
Rooms
Bedroom 4, Bedroom 25, Bathroom 21, Bedroom 20, Bedroom 21, Bedroom 43, Bedroom 34, Bathroom 13, Den, Bathroom 40, Bedroom 32, Bathroom 28, Bathroom 41, Bedroom 42, Bedroom 8, Bathroom 12, Bathroom 15, Bedroom 19, Bedroom 31, Bedroom 23, Bathroom 36, Bathroom 42, Bathroom 25, Bedroom 11, Bathroom 38, Bedroom 15, Bedroom 33, Bedroom 39, Bathroom 26, Bedroom 26, Bathroom 34, Bathroom 23, Bedroom 44, Bathroom 18, Bathroom 6, Bathroom 16, Bedroom 6, Bathroom 9, Bathroom 48, Bathroom 7, Bathroom 32, Bathroom 8, Bathroom 10, Bedroom 30, Bathroom 47, Bedroom 28, Bathroom 30, Bathroom 39, Bathroom 31, Bathroom 4, Bathroom 11, Bedroom 40, Bedroom 9, Bathroom 35, Bathroom 46, Bedroom 37, Bathroom 24, Bathroom 37, Bathroom 33, Bedroom 38, Bathroom 44, Bathroom 45, Bathroom 17, Bathroom 27, Bedroom 7, Bathroom 2, Bedroom 16, Bedroom 1, Bathroom 20, Bedroom 29, Bathroom 3, Bathroom 14, Bathroom 22, Bedroom 27, Bedroom 17, Bedroom 3, Bathroom 29, Bedroom 35, Bedroom 24, Bedroom 14, Bathroom 19, Bedroom 41, Bedroom 2, Bathroom 43, Bedroom 12, Bedroom 18, Bathroom 5, Bedroom 5, Bedroom 22, Bathroom 1, Bedroom 10, Bedroom 13, Bedroom 36
Parking
14
Parking features
Driveway
Window features
Double Pane Windows
Appliances
Built-Ins, Oven, Microwave, Range
Lot features
2-4 Lots
Directions
East of Vineland, South of Magnolia, North of Camellia, West of Cahuenga
Subdivision
North Hollywood
Standard status
Active
APN
2419-008-027
Size
18,432 SF
Lot size
0.16 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2024
Floors in Building
3
Number of units
12
Flooring type
Laminate
Architectural style
Other
Listing Agency:
Trimax Realty, Inc.
(310) 954-0808
Listed By:
Fred Nabati · License #01276914
(424) 704-3373
Added: Sep 11
Changed: Sep 13
Last Checked: Sep 13 at 6:06AM
MLS# 26987207
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Completed in 2024, this multifamily property comprises two buildings with 12 residences totaling 18,432 square feet. The unit mix includes eight four-bedroom, 4.5-bath townhouse units and four three-bedroom, three-bath ADUs. Interior features include laminate flooring, quartz kitchen countertops, designer tile backsplashes, modern bathrooms, high-efficiency appliances, and keypad entry. Central heating and central air serve the residences, while owned solar panels and individually metered utilities are also included. Driveway parking and low-maintenance desert landscaping add practical site features. The property is zoned LARD1.5 and occupies 0.1554 acres.
Located at 10821 Hartsook St in North Hollywood, the property is near restaurants, coffee shops, bars, dog parks, green spaces, Metro stations, public transit, Burbank Airport, and NOHO West shopping and entertainment. Eight townhouse units are fully rented at market rates, and the offering reflects a 7.10% cap rate.
Located at 10821 Hartsook St in North Hollywood, the property is near restaurants, coffee shops, bars, dog parks, green spaces, Metro stations, public transit, Burbank Airport, and NOHO West shopping and entertainment. Eight townhouse units are fully rented at market rates, and the offering reflects a 7.10% cap rate.
Key Highlights
- 12 units across two buildings, totaling 18,432 square feet
- Eight 4‑bedroom, 4.5‑bath townhouse units plus four 3‑bedroom, 3‑bath ADUs
- 2024 construction on 0.1554 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$296,586
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 4.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.87M
$8.63M – $11.51M
NOI $690,789 @ 7.0% cap · market cap 9.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
3,232
Businesses Nearby
Explore this area
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Recently built multifamily property with townhouse residences, accessory dwelling units, solar power, 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 $7,179,000.
What are key features of this property?
This property features: 12 units across two buildings, totaling 18,432 square feet; Eight 4‑bedroom, 4.5‑bath townhouse units plus four 3‑bedroom, 3‑bath ADUs; 2024 construction on 0.1554 acres
