10819 Morrison St
5 Unit Apartment Building $4,600,000 ($920,000/Unit) 5.39% Cap Rate North Hollywood, CA 91601
INVESTMENT HIGHLIGHTS
- Walking distance to NoHo Arts District
- Private Roof Decks
- Brand New Construction
EXECUTIVE SUMMARY
100% Brand New Construction. Five Unit Residential Building with Townhome Style Units in North Hollywood Arts District Location! Will Be Delivered Fully Occupied. No Affordable Units. This Property Also Has One Non-Conforming Unit, Totaling 6 Units. With Carefully Designed Layouts, This Property Boasts 20 Bedrooms And 10,154 Of Rentable Square Footage. The Units All Have Spacious Rooms with New Appliances. Located Walking Distance To NoHo Arts District. Conveniently Located Next To Major Freeways and Public Transportation.
For additional information, please contact katie@partnerscrela.com
For additional information, please contact katie@partnerscrela.com
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Deck
SITE AMENITIES
- 24 Hour Access
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 4+4.5 | 4 | $6,000 | - |
| 2+2.5 | 1 | $3,500 | - |
1 of 1
Walk Score®
Very Walkable (84)
ZONING
| Zoning Code | LARD1.5 |
