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We are pleased to present 10826 Hesby Street, a brand new luxury five unit multifamily property located in the heart of North Hollywood, just minutes from Toluca Lake and Studio City and near the vibrant NoHo Arts District. 4 of the 5 units are leased, with applications in hand for the fifth unit! The five bedroom unit is currently rented for $6,000 per month, both four bedroom units are leased at $5,250 per month each, and a two bedroom unit is rented for $3,750 per month. This non rent controlled asset features an ideal unit mix of one five bedroom, two four bedroom, and two two bedroom units. Each residence is thoughtfully designed with open floor plans, ultra high end finishes, in unit laundry, premium stainless steel appliances, and large windows that provide abundant natural light. Offered at $3,695,000 with a real cap rate of 6.09%, the property currently generates $284,112 in annual rental income, making it one of the best priced new construction opportunities in the area. Tenants pay all utilities, helping to keep operating expenses low, and the property includes a one year builder's warranty for additional peace of mind. The building offers excellent convenience surrounded by shops, restaurants, entertainment and ample street parking for tenants and guests. 10826 Hesby Street presents a rare opportunity to acquire a low maintenance, high yield investment in one of Los Angeles's most desirable rental markets. Recent comparable sales in prime North Hollywood continue to demonstrate strong investor demand for well located multifamily assets. 11447 Cumpston St, a four unit property, just closed at $3,350,000, achieving $837,500 per unit. Additionally, 5663 Case Ave, a five unit property nearby, sold for $3,900,000, reflecting $780,000 per unit. These trades underscore the premium pricing being achieved for quality assets in this highly sought after rental pocket. Buyer to verify all information.
Property Type(s):
Residential Income
| Last Updated | 2/17/2026 | Year Built | 2025 |
|---|---|---|---|
| Community | NHO - North Hollywood | County | Los Angeles |
Additional Details
| APPLIANCES | Dishwasher, Gas Cooktop, Gas Oven, Microwave, Washer |
|---|---|
| AREA | NHO - North Hollywood |
| GARAGE | Attached Garage |
| HEAT | Central |
| LOT | 5401 sq ft |
| LOT DIMENSIONS | 40x135 |
| PARKING | Attached, Attached Carport |
| STORIES | 3+ |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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