10847 Morrison St new Save Request In-Person Tour Request Virtual Tour
North Hollywood,CA 91601
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,242 sqft
Price per Sqft $429
MLS Listing ID 25-476963
Bedrooms 20
Year Built 2024
Lot Size 8,396 Sqft
Acres 0.1927
Property Description
The offering is a Brand New 2024 Townhome Style Apartment Building situated in the heart of North Hollywood Arts District adjacent to Toluca Lake. Built with a Senate Bill 8 Exemption this property is NOT subject to Radical Los Angeles Rent Control. The property consists of 5 Units + 1 Efficiency Unit for a total of 10,242 SF on a large 8,394 Lot. There is an excellent unit mix consisting of Four 4 Bedroom / 4 Bedroom units with Private Rooftop Decks and Private Garages, One 2 Bedroom / 2 Bathroom ADU with a private back yard and One 2 Bedroom / 1 Bathroom Efficiency Unit. All units contain in Unit Washer & Dryer, Hardwood Floors, Stainless Steel Appliances and Recess Lighting. Listed at only $4,395,000 this Turnkey Offering provides a Savvy Investor an immediate 5.92% CAP RATE in a prime Location! Built with Class and Elegance by one of the top Townhome Developers in Los Angeles with high end Finishes. Situated South of Magnolia Blvd and East of Vineland, the Offering is Located in a Quiet Residential Neighborhood adjacent the live Action of North Hollywood Arts District, and the Prestige of Toluca Lake.
Location
State CA
County Los Angeles
Area North Hollywood
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Central
Cooling Air Conditioning, Central
Equipment Microwave, Dishwasher, Dryer, Washer, Garbage Disposal, Range/Oven, Refrigerator, Freezer
Laundry In Unit
Exterior
Parking Features Garage Is Attached
Garage Spaces 10.0
Building
Story 3
Level or Stories Three Or More
Others
Special Listing Condition Standard