10847 Morrison St | North Hollywood, CA 91601

SALE PRICE: $4,395,000

PRICE/UNIT: $732K          PRICE/SF: $429                  GRM: 12.37                 CAP RATE: 5.92%             

TRANSACTION HIGHLIGHTS

• BRAND NEW 2024 CONSTRUCTION - high end finishes by one of the top townhome developers in LA!

• PROPERTY is NOT subject to rent control. Built with and SB8 exemption certificate the property is exempt from Radical Los Angeles Rent Control

• TOWNHOUSE STYLE UNITS: Large + spacious townhouse style units that provide a sense of individuality and privacy, mimicking single-family home living within a multi-unit property. This style highly appeals to tenants.

• ALL UNITS contain in unit washer + dryer, hardwood floors, stainless steel appliance and recess lighting

• DESIRABLE NoHo Arts district location - situated south of magnolia and east of Vineline in a quiet residential neighborhood in highly sought-after Noho arts district + adjacent to Toluca Lake.

• EXCELLENT unit mix consisting of Four - 4BD/4BA with private rooftop decks and private garages, One - 2BD/2BA ADU with a private back yard and One - 2BD/1BA efficiency units all that contain in unit washer/dryer.

• PRICED at only $429/SF + 5.92% going in cap rate!

• PROPERTY served as an unpleg for the buyer’s 1032 tax deferred exchange