10742 Hortense St - Apartments FOR SALE


North Hollywood, CA 91602
$4,795,000 USD
310-704-1794
10742 Hortense St, North Hollywood, CA for Sale
$4,795,000 USD
Apartments - FOR SALE
1/52
null | 5.51% Cap Rate

10742 Hortense St
North Hollywood, CA 91602


OVERVIEW

Introducing "The Hortense VI, " a newly completed, best-in-class 2025 townhome-style apartment complex located within the prestigious Toluca Lake enclaveone of Los Angeles' most exclusive and supply-constrained submarkets. SB-8 exempt and free from LA rent control, this rare 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 and request the full Offering Memorandum.

FOR SALE DETAILS

PRICE

$4,795,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

6

PRICE/UNIT

$799,167

CAP RATE

5.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

"The Hortense VI" | 10742 Hortense

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

LARD1.5

APN/PARCEL ID

2421-030-015

ASK ABOUT THIS PROPERTY

Oliver ThorntonHollywood EstatesMore Info
310-704-1794

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Oliver ThorntonHollywood EstatesMore Info
310-704-1794

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.