Description

Welcome to 10826 Hesby Street, a 100% FULLY LEASED Non Rent Controlled, Stunning High-End Brand New 2025 Construction 5 unit building in the heart of Noho Arts District with an unheard of cap rate of 6.26%, yearly gross income of $280,200 and a monthly gross income of $23,350. All the units have been carefully designed to give a modern and spacious feel with luxury quality finishes and the units feature open floor plans with kitchen islands, large bedrooms, closets, massive big balconies, designer shower tiles, a ton of natural light, high ceilings, stylish modern cabinets on a luscious tree lined street. The area is walkable to the Noho arts district which features trendy and vibrant coffee shops, galleries, restaurants, gyms, theater, entertainment, bars, grocery stores and much more, making it very attractive for renters plus it is located just minutes from Toluca Lake, Studio City, Universal Studios and Burbank. There is a possibility of a lender allowing 20-25% down payment for the purchase of this property ( buyer to verify). The neighborhood has several brand new buildings nearby with a recent sold comp of 4plex at $3,350,000 along with a 5 plex which sold for $3,900,00 nearby making this property one of the best opportunities in the area . The building features an attractive unit mix of One-4 bedrooms 4.5 baths and One-4 bedroom 4 baths, One- Massive 5 bd, 4.5 baths, One 2 bd, 3 bath and lastly One 2 bd 2 baths. Moreover, the property features 7387 sq ft of total livable square ft. All the units features beautiful vinyl flooring with modern trendy cabinets, quartz white countertops, and large islands. In addition, each unit has stainless steel appliances, washer and dryer in unit, and all units are separately metered as tenants pay for all the utilities to lower expenses for a buyer while making it easy to manage. The property comes with a 1 year builders warranty, and has solar panels installed. This property is perfect for investors, a dream opportunity for 1031 Buyers and anyone that wants to invest in a safe asset at an amazing price in the beautiful North Hollywood Arts District . The strong rental desirability and comps are being achieved in this neighborhood because of massive redevelopment, Disney and Universal studios close by, easy connection to the freeway and public transit, young professionals that enjoy walkable, lifestyle-oriented neighborhoods. This property has a ton of benefits, some of which are including long-term upside, appreciation along with Depreciation benefits ( buyer to consult with their CPA) . Buyer to Verify all!