10742 Hortense Street Active Save Request In-Person Tour Request Virtual Tour
North Hollywood (los Angeles),CA 91602
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,596 sqft
Price per Sqft $557
MLS Listing ID CL25563549
HOA Y/N No
Year Built 2025
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Other
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
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Other
Cooling Central Air
Fireplace No
Appliance Dryer
Laundry Dryer,Washer
Exterior
View Y/N true
View City Lights,Mountain(s)
Building
New Construction No
Others
Tax ID 2421030015