NEW 4-UNIT PREMIUM INCOME PROPERTY in the strong North Hollywood rental market offering a near FULLY STABILIZED 5.90% CAP and 13.03 GRM! THREE units have been LEASED and lease-up of the last unit is actively in progress. Unit mix consists of a duplex with (1) 3BD/2BA and (1) 3BD/2BA unit, and (2) 2BD/1.5BA ADUs in the building behind it. All units have separate electrical meters, entrances, addresses, dishwashers and in-unit laundry connections. Premium finishes, fully enclosed private yards, timeless contemporary design along with ample street parking enables buyer to command premium rents and longer term tenants. All new electrical, plumbing, HVAC and appliances minimize operating costs and offer peace of mind for years to come. Shared courtyard between buildings is spacious yet intimate and can be easily configured for more communal living or more separation and privacy. Superb Burbank adjacent location on a quiet residential street just minutes away from NoHo Arts District, shops, parks and transit. Construction completed February 2026 (ADUs are ALL NEW construction, Duplex is 80-85% new construction). With proforma gross rents nearing $11k monthly and over $130k annually, this turn key property would be an superb addition to any investment portfolio.
Additional Features
- Ducts Professionally Air-Sealed
- Stucco
- Asphalt
- Glass
- Drywall Walls
- Block
- New Condition
- Wood
- Good Condition
- Heat Pump
- Ductless
- High Efficiency
- Central
- ENERGY STAR Qualified Equipment
- Sprinklers In Front
- Level with Street
- Paved
- Lot 6500-9999
- Landscaped
- Near Public Transit
- Sprinklers Timer
- Sprinklers Drip System
- Front Yard
- Sprinkler System
- Back Yard
- Lawn
- Sprinklers In Rear
- One
- None
- Parking spaces: 2.00
- Listing Status: Active
- Listing Agent: Randy Hui
(lic# 02184420)
of Downey
- Listing Office: Realty One Group United
(lic# 01978196)
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Based on information from CRISNet MLS as of 6th August 2026 at 1:23pm. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
