$2,630,000
$2,499,000
5.2%For more information regarding the value of a property, please contact us for a free consultation.
5,662 Sqft Lot
SOLD DATE : 09/20/2018
Key Details
Sold Price $2,630,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID BB18116794
Sold Date 09/20/18
Construction Status Turnkey,Under Construction
HOA Y/N No
Year Built 2018
Annual Tax Amount $29,813
Lot Size 5,662 Sqft
Acres 0.13
Property Description
10925 Hesby is a luxurious 2018 CONSTRUCTION fourplex that is made up of four 3-story townhome style units. This property is in the final stages of construction, with completion estimated to be May or June 2018. This property provides investors an exceptional projected cap rate of 5.39%. In addition to the high return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1 year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. Not to mention, 10925 Hesby is located in an A+ neighborhood on a peaceful residential street sandwiched between Toluca Lake and the NoHo Arts District. A trophy property in an unbeatable location with a huge return– that is a true recipe for success!
The front building consists of two enormous 3 bedroom, 3.5 bathroom units totaling 3,000 square feet with projected rents of $3,825 per unit. The back building is made up of two 3 bedroom, 3 bathroom units, each 1,132 square feet, with projected rents of $3,550 a piece. There are three 2-car garages on site as well as two additional exterior parking spaces.
The units feature top of the line appliances, high quality finishes, spacious floor plans and laundry hookups in unit.
Location
State CA
County Los Angeles
Area Nho - North Hollywood
Zoning LAR3
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside
Heating Central
Cooling Central Air
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Freezer, Gas Cooktop, Gas Oven, Gas Range, Microwave, Refrigerator
Laundry Washer Hookup, Gas Dryer Hookup, Inside
Exterior
Garage Spaces 6.0
Garage Description 6.0
Fence Excellent Condition
Pool None
Community Features Curbs, Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Flat
Total Parking Spaces 8
Private Pool No
Building
Lot Description Drip Irrigation/Bubblers, Landscaped
Story 3
Entry Level Three Or More
Sewer Public Sewer
Water Public
Architectural Style Modern
Level or Stories Three Or More
New Construction Yes
Construction Status Turnkey,Under Construction
Others
Senior Community No
Tax ID 2419003015
Acceptable Financing Submit
Listing Terms Submit
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with John Acevedo • Dilbeck Real Estate
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