• 5,028 sq.ft.
  • 6,751 sq.ft. lot
offered at $2,400,000
Status: Pending // Property Type:
County: Los Angeles // Year Built: 1925

Property Description

10930 Hartsook is an upscale new construction fourplex that is made up of two standalone 2-story duplexes. This property is in the final stages of construction, with completion estimated to be June or July 2018. This property provides investors an exceptional projected cap rate of 5.52%. 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, 10930 Hartsook is located in an A+ residential neighborhood that is 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 property is made up of one 4 bedroom, 3 bathroom unit with a pro forma rent of $3,999 and three 3 bedroom, 2 bathroom units with pro forma rents of $3,500-$3,550. Additionally, upon completion the property will feature a gated front and rear yard, meaning that a premium could be obtained higher than the above prices for renting to pet owners (if you so choose). These are very conservative and obtainable numbers. There are three garage parking spaces on site as well as five additional exterior parking spaces. The units feature top of the line appliances, high quality finishes, spacious floor plans and laundry hookups in unit.

Listing Courtesy of Elizabeth Maddox, The 2-4 Unit Specialists

Interior Features

Interior Features: Balcony, Open Floor Plan, Storage Space // Heating: Central Furnace

Exterior Features

Exterior Features: Sidewalks, Street Lighting // Roof: Flat
  • raj qsar
    CEO | Owner |
    CalBRE# 01744847
    • cell 714.412.5019
    • office 949.612.2535
    email Raj

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Based on information from California Regional Multiple Listing Service, Inc. as of November 1, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.