10847 Morrison Street

North Hollywood, CA 91601

$4,395,000

List Price

20

bed Beds

19

shower Baths

10,242 sqft

straighten / sqft

2024

calendar_month Built

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.

Listing Information

List Price $4,395,000
Status Active
MLS 25476963
Type Residential Income
Year Built 2024
Lot Size 8,396
Structure Size 10,242
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Michael Monempour DRE#01996829
Co-Listing Agent Jason Matatiaho DRE#02188021

Interior Features

Total Bedroom
Bedrooms 20
Total Bathroom
Bathrooms 19
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Michael Monempour, Jason Matatiaho, Lyon Stahl Investment Real Estate, Inc. 310-883-7070. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 7th, 2025 at 1:38 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.