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BB22220633 MLS Active Status
10824 Morrison St is a rare, non-rent controlled 2018 construction fourplex in prime Toluca Lake Adj./NoHo Arts District that is being offered at an unheard-of low price of $2,649,000! The property boasts a cap rate of 4.82% and is made up of quiet tenants that diligently pay their rent each month. Once the current tenants’ leases expire, we expect a conservative 5.13% cap rate. One unit is being delivered VACANT, a dream situation for owner occupiers looking to live in an A+ neighborhood while having tenants cover most of the mortgage! 10824 Morrison features two 2-story duplexes containing a total of one 4b/3b unit, two 3b/2b units, and one 2b/1.5b unit with 8 total parking spots (3 garage spots and 5 surface spots)! Enjoy other notable perks including: no rent control, stainless steel appliances, washers and dryers, well-designed open floor plans, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come! With a major lack of new construction inventory under $3 million, this property is priced to sell fast at $2,649,000! Between the lack of rent control, charming residential neighborhood, and the major upside potential, this is an ideal newer construction property to act on ASAP! With SB-8 in effect, less fourplexes are being built, making properties like this an even more rare and hot commodity. This property is a dream come true for 1031 exchange buyers- ready to close right away!

10824 Morrison Street, North Hollywood

SR22170327 MLS Active Status
CERTIFICATE OF OCCUPANCY JUST ISSUED BY THE CITY, REALDY TO BE SOLD! New & Improved Pricing... Now 5.38 CAP - 14.69 GRM, 2022 Construction, 4 Luxury townhouse style units situated in the heart of NoHo, minutes away from Burbank, Hollywood and Downtown LA. Great unit mix, all 3 bedrooms units with balconies, in unit laundry and private garages. Price includes RTI ready plans for two, 1 + 1 (363sqft) ADU, see pro forma attached. 2 units are 3 bedrooms and 3 bathrooms with one of the bedrooms being situated downstairs and 2 units are 3 bedrooms and 2.5 bathrooms. This 2022 construction offers high quality finishes, smooth coat stucco at front, open floor plans, spacious living rooms with luxury laminate flooring, high ceilings and high-tech finishes. The kitchens come with stainless steel appliances (cooktop/oven, refrigerator, and dishwasher), custom cabinets, quartz countertops and full backsplashes and modern high-quality fixtures. Recessed LED lighting and energy efficient windows throughout to help keep the electric bills down, cable/internet/security alarm ready, and RING doorbells. Each unit has own private laundry with new washer and dryers, tankless water heaters and energy saving HVAC systems with NEST Thermostats. Ultra-low maintenance, individually metered for water, gas and electric keeps expenses low. Security fencing, great curb appeal, attractive interior finishes, built-ins, high-tech perks with private parking will make this property easy to rent for any landlord. Each unit offers solar energy (solar panels are installed in each unit), tenant will benefit from the savings on a monthly basis.

5648 Auckland Avenue, North Hollywood

Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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