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10945 Hesby Str, North Hollywood, California 91601, North Hollywood, 91601 - bed, bath

10945 Hesby Str, North Hollywood, California 91601 home-pic-0
ACTIVE$899,950$2,800/sqft
10945 Hesby Str, North Hollywood, California 91601
0Bed
0Bath
2,800Sqft
5,805Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location: Situated in a highly sought-after North Hollywood neighborhood, offering excellent access to major studios, entertainment, dining, freeways, and public transportation.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2418.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1939 (87 years old).
Condition: The property, built in 1939, is well-maintained and functional, as evidenced by the clean interiors and newer appliances (refrigerator, range, microwave, stacked washer/dryer). However, the kitchen features dated white cabinets, laminate countertops, and a black-and-white checkerboard floor. The bathroom, while clean, has a classic but dated pedestal sink and small hexagonal floor tiles. The presence of a wall-mounted heater suggests an older heating system. These elements indicate that while the property is livable and has received some functional updates, it requires minor cosmetic updates and system modernizations to meet current aesthetic and comfort standards, aligning with a 'fair' condition.
Year Built
1939
Close
-
List price
$900K
Original List price
$900K
Price/Sqft
$321
HOA
-
Days on market
-
Sold On
-
MLS number
SR26004651
Home ConditionFair
Features
Patio
View-

About this home

This well-located five-unit residential income property presents a compelling value-add opportunity in a highly sought-after North Hollywood neighborhood, south of Magnolia Boulevard. The property benefits from close proximity to major film and television studios, popular dining and entertainment venues, and excellent access to freeways and public transportation—driving consistently strong and durable rental demand. The asset is efficiently configured with separate gas and electric meters, private storage garages, and units that support operational efficiency and long-term ownership. The property currently delivers a stable 5-cap return, while long-term tenants enjoy below-market rents, providing a clear and achievable pathway to materially increase income through rent optimization and strategic repositioning. With its attractive in-place cash flow, irreplaceable location, and meaningful upside potential, this offering represents an excellent opportunity for investors seeking both near-term stability and long-term growth. Offered at an accessible $899,950 price point, this property represents an excellent entry-level investment for both beginning investors and seasoned operators alike, combining immediate cash flow with meaningful upside potential. Photos are from last vacancy, all units will be delivered with tenants in place.

J
Jill Fischer-Politz
Listing Agent
Condition Rating
Fair
The property, built in 1939, is well-maintained and functional, as evidenced by the clean interiors and newer appliances (refrigerator, range, microwave, stacked washer/dryer). However, the kitchen features dated white cabinets, laminate countertops, and a black-and-white checkerboard floor. The bathroom, while clean, has a classic but dated pedestal sink and small hexagonal floor tiles. The presence of a wall-mounted heater suggests an older heating system. These elements indicate that while the property is livable and has received some functional updates, it requires minor cosmetic updates and system modernizations to meet current aesthetic and comfort standards, aligning with a 'fair' condition.
Pros & Cons

Pros

Prime Location: Situated in a highly sought-after North Hollywood neighborhood, offering excellent access to major studios, entertainment, dining, freeways, and public transportation.
Significant Upside Potential: Presents a clear value-add opportunity to materially increase income through rent optimization, as current rents are below market.
Stable In-Place Cash Flow: Delivers a stable 5-cap return, providing immediate and consistent income for investors.
Strong Rental Demand: The desirable location and proximity to employment centers ensure consistently strong and durable rental demand.
Operational Efficiency: Configured with separate gas and electric meters and private storage garages, streamlining property management.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2800, other record living area = 2418.
Below-Market Rents: While offering upside, the current below-market rents mean the property is not yet performing at its full income potential, requiring active management.
Age of Property: Built in 1939, the property may necessitate future capital expenditures for system upgrades, renovations, or deferred maintenance.
Non-Current Unit Photos: The provided photos are from a past vacancy, which limits the ability to fully assess the current condition and appeal of occupied units.
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