New 5-Unit Apartment
10826 Hesby Street North Hollywood, CA 91601
For Sale
$3,695,000
Brand-new 2025 construction 5-unit apartment building with solar panels and in-unit washer/dryer.
Property Size7,387 SF
Price / SF$500.20
Days on Market34
Property Features for 10826 Hesby Street
General Information
Standard status
Active
Size
7,387 SF
Property subtype
MULTI_FAMILY
Building Details
Year Built
2025
Listing Agency:
Keller Williams Hollywood Hills
(310) 623-1300
Listed By:
Daniel Lalezari · License #01949474
Source:
Milsteinestates
Added: Jun 26
Changed: Jul 28
Last Checked: Jul 29 at 10:58AM
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 Keller Williams Hollywood Hills
Investment Insights
Based on property information with market context.
10826 Hesby Street presents a newly built 2025, five-unit apartment property that is described as fully leased. The unit mix includes multiple two-bedroom and four-bedroom layouts, along with one larger five-bedroom unit, all configured with open floor plans. Each unit features in-unit washer/dryer, stainless steel appliances, vinyl flooring, modern cabinets, quartz countertops, and kitchen islands. Balconies and high ceilings are noted, and the building has separate metering with tenants paying utilities.
The property is located in the NoHo Arts District area, with remarks indicating the neighborhood is walkable to nearby dining, galleries, entertainment, and shopping options. The listing also notes proximity to Toluca Lake, Studio City, Universal Studios, and Burbank.
Additional information provided includes a 1-year builders warranty and solar panels installed at the property. All interested parties are instructed to verify details during due diligence.
The property is located in the NoHo Arts District area, with remarks indicating the neighborhood is walkable to nearby dining, galleries, entertainment, and shopping options. The listing also notes proximity to Toluca Lake, Studio City, Universal Studios, and Burbank.
Additional information provided includes a 1-year builders warranty and solar panels installed at the property. All interested parties are instructed to verify details during due diligence.
Key Highlights
- 2025‑built, 5‑unit apartment building in Noho Arts District; non rent controlled and 100% fully leased
- Current income of $280,200 yearly gross ($23,350 monthly gross) with a 6.26% cap rate (per remarks)
- 7387 SF total livable; unit mix includes one 5BD/4.5BA, multiple 4BD units, and several 2BD units (as listed)
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 | $234.9k | $31.80 |
| − Vacancy | −$18.8k | −$2.54 |
| EGI | $216.1k | $29.26 |
| − OpEx | −$97.3k | −$13.17 |
| NOI | $118.9k | $16.09 |
7,387 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.70M
$1.49M – $1.98M
NOI $118,863 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.95M
$3.46M – $4.61M
NOI $276,848 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Brand-new 2025 construction 5-unit apartment building with solar panels and in-unit washer/dryer.
Where is this apartment building located?
The property is located at 10826 Hesby Street North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 2025‑built, 5‑unit apartment building in Noho Arts District; non rent controlled and 100% fully leased; Current income of $280,200 yearly gross ($23,350 monthly gross) with a 6.26% cap rate (per remarks); 7387 SF total livable; unit mix includes one 5BD/4.5BA, multiple 4BD units, and several 2BD units (as listed)
