19 Units l Built 1986 l NoHo Arts District 11040 Hesby St

Colliers International’s Ghobadi Multifamily Team is delighted to introduce this impressive 19-unit apartment building located at 11040 Hesby Street North Hollywood, CA 91601. Constructed in 1986, this property is not subject to LA City Rent Control (RSO), but only Statewide Rent Control (AB 1482). The unit configuration is comprised of one studio unit, ten 1-bedroom/1-bathroom units, and eight 2-bedroom/1-bathroom units totaling approximately 14,580 rentable square feet. The building is situated on a corner lot of approximately 12,654 square feet land with LAR4 zoning. This property offers onsite laundry facilities, and had a new roof installed approximately 3 years ago. The perimeter of the property is fully gated, along with gated on-grade parking for the tenants with easy access from the alley. Being a 1986 construction not subject to LA City RSO, along with its appealing unit mix, and promising potential, this 19-unit apartment building presents an alluring investment opportunity for those seeking the finest aspects of the North Hollywood Arts District!
Positioned on a corner lot of Hesby Street, nestled between Lankershim Boulevard and Vineland Avenue, this 19-unit apartment building is positing well in the center of the North Hollywood Arts District. Boasting plenty of shops, restaurants, and a very dense rental market, the North Hollywood Arts District provides easy access to the 101/134/170 freeways as well as the west side via Coldwater or Laurel Canyon. The site additionally grans tenants immediate access to the North Hollywood Recreation Center along with Toluca Lake Elementary & Walter Reed Middle School.
• 19 Units built in 1986 - Not subject to LA City Rent Control (RSO), only statewide rent control (AB1482)
• Good unit mix of studio, one, and two bedrooms
• Great North Hollywood Arts District Location - Very dense rental population
• Good upside potential
• Desirable LAR4 zoning
• Beautiful corner lot, with alley access for gated parking
• On-grade gated parking spaces for tenants
• On-site laundry facilities (owned machines)
• New Roof (3 years old)
• Walking distance to plenty of shops and restaurants in Noho
• Only a few blocks from the North Hollywood Recreation Center
• Nearby Toluca Lake Elementary & Walter Reed Middle School
• Extremely easy access to the 101/134/170 freeways and the west side