10943 Hesby Street

    North Hollywood, CA 91601
    • $1,150,000
    • STATUS: Active Under Contract
    • ON SITE: 126 days
    • ID#: PF19084980
    Under Contract
    $1,150,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,840
      SQFT
    • $625
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Absolutely charming Spanish QUADPLEX, centrally located in the rapidly-growing area of NoHo Arts District, Toluca Lake adjacent! This incredible property is a fantastic opportunity for investors who can purchase NOW with a Cap Rate of 4.7% and a PROFORMA Cap Rate of 6%. You won+GGt want to pass this up!! Also, perfect for the owner-occupied buyer that can live in the 2 bedroom 2 bath unit and collect rents for the other 3 units to help pay for the mortgage! On the grounds, is a beautiful custom-built space, currently being used as a MUSIC STUDIO or turn it into your own private HOME OFFICE. The owner+GGs 2 bedroom 2 bath unit has an open-concept floorplan that boasts beautiful hardwood floors, a gorgeous kitchen with granite countertops and custom Italian floor tiles. Two bathrooms and 2 bedrooms each with ample closet space round out this inviting home with a warm vintage vibe! The owner+GGs unit comes with 2 off-street parking spaces and an enclosed storage module. Three additional studio units all light and bright with a classic Spanish feel! Each unit has their own private yard/patio with west-facing front doors. Relax in the common area backyard with an extra-large covered patio where you can have outdoor seating for a party or a place to enjoy a morning cup of coffee. This is your chance to own a piece of SHANGRA LA! Nearby is Universal Studios, the Metro Line, 134, 170, and 101 Freeways. Close to TRENDY restaurants, cafes, and theatres. Walkability Score - 89 !

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-20T00:37:44.663. 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 deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/93728737

    10943 Hesby Street North Hollywood, CA 91601

    • Price: $1,150,000
    • Status: Active Under Contract
    • ID#: PF19084980
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1,840
    SQFT
    $625
    $/SQFT
    1930
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Absolutely charming Spanish QUADPLEX, centrally located in the rapidly-growing area of NoHo Arts District, Toluca Lake adjacent! This incredible property is a fantastic opportunity for investors who can purchase NOW with a Cap Rate of 4.7% and a PROFORMA Cap Rate of 6%. You won+GGt want to pass this up!! Also, perfect for the owner-occupied buyer that can live in the 2 bedroom 2 bath unit and collect rents for the other 3 units to help pay for the mortgage! On the grounds, is a beautiful custom-built space, currently being used as a MUSIC STUDIO or turn it into your own private HOME OFFICE. The owner+GGs 2 bedroom 2 bath unit has an open-concept floorplan that boasts beautiful hardwood floors, a gorgeous kitchen with granite countertops and custom Italian floor tiles. Two bathrooms and 2 bedrooms each with ample closet space round out this inviting home with a warm vintage vibe! The owner+GGs unit comes with 2 off-street parking spaces and an enclosed storage module. Three additional studio units all light and bright with a classic Spanish feel! Each unit has their own private yard/patio with west-facing front doors. Relax in the common area backyard with an extra-large covered patio where you can have outdoor seating for a party or a place to enjoy a morning cup of coffee. This is your chance to own a piece of SHANGRA LA! Nearby is Universal Studios, the Metro Line, 134, 170, and 101 Freeways. Close to TRENDY restaurants, cafes, and theatres. Walkability Score - 89 !
    Exterior Features

    Garage Spaces 0.00 Lot Features 2-5 Units/Acre Lot Size Source Owner Lot Size Units Square Feet Parking Features DrivewayOff Street Parking Total 2.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area 400 Average Studio Area Units Square Feet Average1 Bed Area 400 Average1 Bed Area Units Square Feet Average2 Bed Area 800 Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features None Levels One

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.70 Community Features CurbsUrban Country Us Electric Expense 0.00 Elevation Units Feet Exclusions Washer And Dryer Fuel Expense 0.00 Gross Income 69912.00 Gross Scheduled Income 69912.00 Insurance Expense 1086.00 Land Lease YN No Laundry YN No Net Operating Income 54114.00 New Construction YN No New Taxes Expense 13685.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 3 Operating Expense 15798.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Electricity Total Expenses 15798.00 Trash Expense 0.00 Walk Score 89 Water Sewer Expense 1027.00 Water Source Public Year Built Source Other Zoning Lar3

    Listing provided courtesy of Patricia Fluhr of Berkshire Hathaway Home Serv.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-20T00:37:44.663. 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 deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604