Residential Income Details
10930 Hartsook is an upscale new construction fourplex that is made up of two standalone 2-story duplexes. This property is in the final stages of construction, with completion estimated to be June or July 2018. This property provides investors an exceptional projected cap rate of 5.52%. In addition to the high return, buyers will enjoy other notable perks including: NO RENT CONTROL, a 1 year builder’s warranty, brand new EVERYTHING, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters. Not to mention, 10930 Hartsook is located in an A+ residential neighborhood that is sandwiched between Toluca Lake and the NoHo Arts District. A trophy property in an unbeatable location with a huge return– that is a true recipe for success!
The property is made up of one 4 bedroom, 3 bathroom unit with a pro forma rent of $3,999 and three 3 bedroom, 2 bathroom units with pro forma rents of $3,500-$3,550. Additionally, upon completion the property will feature a gated front and rear yard, meaning that a premium could be obtained higher than the above prices for renting to pet owners (if you so choose). These are very conservative and obtainable numbers. There are three garage parking spaces on site as well as five additional exterior parking spaces.
The units feature top of the line appliances, high quality finishes, spacious floor plans and laundry hookups in unit.
|Number of Units||4|
|Listing Brokerage||The 2-4 Unit Specialists|
|Listing Agent||Elizabeth Maddox|
|Listing Agent BRE #||01921425|
|Features||Balcony,Open Floor Plan,Storage Space|
|Appliances||Dishwasher,Freezer,Garbage Disposal,Gas Oven,Gas Range,Gas Stove,Microwave,Refrigerator|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, October 1, 2018.
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