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$4,795,000

Est. payment - /mo

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18 Beds

18 Baths

8,596 SqFt

Active

10742 Hortense St North Hollywood, CA 91602

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Gwendolyn Thomas

gwen@gwenthomasrealtor.com +1(702) 265-5005

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,596 sqft

Price per Sqft $557

MLS Listing ID 25563549

Style Contemporary

Bedrooms 18

Construction Status Updated/Remodeled

Year Built 2025

Lot Size 9,583 Sqft

Acres 0.22

Property Sub-Type Multi-Family

Property Description

ELIGIBLE FOR 100% BONUS DEPRECIATION WITH ESTIMATED YEAR 1 FEDERAL TAX DEDUCTIONS OF APPROXIMATELY $232,000, VERIFIED BY A LEGITIMATE COST SEGREGATION EXPERT! SB-8 EXEMPT STATUS! Introducing "The Hortense VI," a newly completed, best-in-class 2025 townhome-style apartment complex located within the prestigious Toluca Lake enclave, one of Los Angeles' most exclusive and supply-constrained submarkets. This rare SB-8 exempt offering features six expansive 3-bedroom, 3-bathroom luxury residences, each appointed with high-end finishes, in-unit laundry, private two-car garages, and rooftop decks in select units. The property spans approximately 8,600 SF of net rentable area and 11,000 SF of gross building area (including ~2,400 SF of private garages) on a premium 9,408 SF lot. With four of six units leased at market rates and lease applications under review for the final two, the asset is poised to achieve $28,800/month in stabilized rental income. For owner-users, an opportunity exists to occupy one unit while generating approximately $24,000/month in supplemental revenue. Constructed by Thornton Development Group, the project is surrounded by $1M+ home sales and small-lot subdivisions, with nearby apartment comps closing above $800,000/unitunderscoring the exceptional basis. Located steps from Riverside Drive, Trader Joe's, the NoHo Arts District, and major studio employers, The Hortense VI represents a rare opportunity to secure a stabilized, high-yield asset in a true blue-chip neighborhood. Contact the listing agent today to arrange a private tour!

Location

State CA

County Los Angeles

Area North Hollywood

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Equipment Dryer, Dishwasher, Freezer, Microwave, Range/Oven, Refrigerator, Washer

Exterior

Parking Features Garage - 2 Car, Tandem, On street, Gated

View Y/N Yes

View Mountains, City, City Lights

Building

Story 3

Architectural Style Contemporary

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Hollywood Estates

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Gwendolyn Thomas

Agent | RE.S.0186243

+1(702) 265-5005

10742 Hortense St North Hollywood, CA 91602

Gwendolyn Thomas

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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10742 Hortense St