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10821 Hartsook St
For Sale $8,500,000 ($461.15 per Sq Ft)
$8,500,000 ($461.15 per Sq Ft)
- 12 Units
- 18,432 Sq Ft
- 13,537 Sq Ft
- Unknown Cap Rate
Description
Prime Investment Opportunity in the Heart of NOHO Brand New 2024/2025 Construction! Introducing a rare, newly constructed multi-family property in the vibrant North Hollywood Arts District, offering a total of 12 units across two buildings (10821-10829 Hartsook St.). This modern investment features 8 spacious townhouse units (4 beds, 4.5 baths each) fully rented at market rates and 4 additional ADUs (3 beds, 3 baths each), maximizing rental income potential. Designed with high-end finishes and durability in mind, every unit includes: Luxury Vinyl Tile (LVT) flooring throughout | Gourmet kitchens with quartz countertops & designer tile backsplashes |Sleek, modern bathrooms with premium tiling & custom mirrors | High-efficiency appliances and keypad entry for convenience & security | Individually metered utilities with owned solar panels for lower expenses | Low-maintenance desert landscaping. This turnkey investment offers strong financials, boasting a 6.22%* cap rate (See OM for Full Details). Located in a high-demand rental market, tenants enjoy easy access to: Restaurants, coffee shops, and bars | Dog parks & green spaces | Metro stations & public transit | Burbank Airport | NOHO West shopping & entertainment. Full financial portfolio available upon request. Don't miss this exceptional opportunity to own a prime, high-yield asset in a thriving neighborhood! -- SELLER WILLING TO BUY DOWN RATE FOR BUYER! SELLER WILLING TO PAY EXTRA CONCESSIONS!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $8,500,000 |
| Property Type | Multi-Family |
| Usable Sqft | 18,432 |
| Number of Stories | 3 stories |
| Parking Spots | 0 spots |
| Year Built | 2024 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2419008027 |
| MLS # | 25626619 |
| Property ID | 292455937 |
| Lot Sqft | 13,537 |
| Zoning | LARD1.5 |
| Total Units | 12 |
| Days on Market | 87 |
| Original List Price | $8,750,000 |
| Date Updated | February 25, 2026 |
| Date Created | December 08, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 4 | 4.50 | $4,900 | $5,047 |
| Unit #2 | 4 | 4.50 | $5,096 | $5,249 |
| Unit #3 | 3 | 3.00 | $3,700 | $3,848 |
| Unit #4 | 3 | 3.00 | $3,500 | $3,605 |
| Unit #5 | 4 | 4.50 | $5,000 | $5,150 |
| Gross Income (Yr) | $ 669,863 |
| Operating Expenses | $ 141,351 |
| Net Income (Yr) | $ 528,512 |
| Cap Rate | 6.22% |
Listing Provided By
Fred Nabati an agent of Power Brokers. Lic #01276914
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Robert Crawford
REAL ESTATE AGENT