10847 Morrison Street

North Hollywood, CA 91601

$4,395,000
Price
20
Beds
19
Baths
10,242 Sq. Ft.
$429 / Sq. Ft.
10,242
Sq. Ft.
$429
per Sq. Ft.

Description

The offering is a Brand New 2024 Townhome Style Apartment Building situated in the heart of North Hollywood Arts District adjacent to Toluca Lake. Built with a Senate Bill 8 Exemption this property is NOT subject to Radical Los Angeles Rent Control. The property consists of 5 Units + 1 Efficiency Unit for a total of 10,242 SF on a large 8,394 Lot. There is an excellent unit mix consisting of Four 4 Bedroom / 4 Bedroom units with Private Rooftop Decks and Private Garages, One 2 Bedroom / 2 Bathroom...The offering is a Brand New 2024 Townhome Style Apartment Building situated in the heart of North Hollywood Arts District adjacent to Toluca Lake. Built with a Senate Bill 8 Exemption this property is NOT subject to Radical Los Angeles Rent Control. The property consists of 5 Units + 1 Efficiency Unit for a total of 10,242 SF on a large 8,394 Lot. There is an excellent unit mix consisting of Four 4 Bedroom / 4 Bedroom units with Private Rooftop Decks and Private Garages, One 2 Bedroom / 2 Bathroom ADU with a private back yard and One 2 Bedroom / 1 Bathroom Efficiency Unit. All units contain in Unit Washer & Dryer, Hardwood Floors, Stainless Steel Appliances and Recess Lighting. Listed at only $4,395,000 this Turnkey Offering provides a Savvy Investor an immediate 5.92% CAP RATE in a prime Location! Built with Class and Elegance by one of the top Townhome Developers in Los Angeles with high end Finishes. Situated South of Magnolia Blvd and East of Vineland, the Offering is Located in a Quiet Residential Neighborhood adjacent the live Action of North Hollywood Arts District, and the Prestige of Toluca Lake.
  1. Listed by Michael Monempour • DRE #01996829 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.
  2. Listed by Jason Matatiaho • DRE #02188021 • Brokerage DRE #01399621 • Lyon Stahl Investment Real Estate, Inc.

Property Details for 10847 Morrison Street

Zoning
LARD1.5
Parcel Number
2419005017
Total Units
6.0
Living Area
10242
Source Living Area
Builder
Area
North Hollywood (NHO)
Vacancy Rate
50%
Lot Size Area
8396
LISTING UPDATED: 01/06/2025 05:28 PM

Property Details for 10847 Morrison Street

StatusActive
MLS #25-476963
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.19 AC / 8,396 SF
CountyLos Angeles County

Building Information for 10847 Morrison Street

Stories3Residences-Year Built2024Building Size-Lot Size0.19 AC / 8,396 SF

Property Information for 10847 Morrison Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 3
  • Number Of Buildings: 2
  • Type Of Units: Townhouse
  • Water Heaters: Yes
  • ADA Compliance: Yes
  • Additions Alterations: No
  • Building Permit: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $344,544
  • Net Operating Income: $260,151.00
  • Gross Income: $355,200
  • Cap Rate: 5.92%
  • Gross Rent Multiplier: $12.37
  • Actual Annual Gross Rent: $355,200.00
  • Actual Rent Total: $355,200.00
  • Financial Info as Of: 01/06/2025
  • Total Annual Expense: 84394
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1927
  • Lot Size Square Feet: 8396
  • Lot Size Dimensions: 60x140
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 10
  • Open Other Spaces Total: 2
  • Garage Spaces Total: 8
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Air Conditioning, Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Microwave, Dishwasher, Dryer, Washer, Garbage Disposal, Range/Oven, Refrigerator, Freezer
  • Cooking Appliances: Oven
  • Laundry: In Unit
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-06-2025
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $6,000.00
  • Unit Actual Rent: $6,000.00
  • Unit Projected Rent: $6,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,750.00
  • Unit Actual Rent: $5,750.00
  • Unit Projected Rent: $5,750.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 4
  • Unit Baths: 4
  • Unit Furnished: No
  • Unit Rent: $5,750.00
  • Unit Actual Rent: $5,750.00
  • Unit Projected Rent: $5,750.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,400.00
  • Unit Actual Rent: $3,400.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,700.00
  • Unit Actual Rent: $2,700.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $265,200.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,060,800.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,326,000.00

Property History for 10847 Morrison Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10847 Morrison Street

Taxable ValueLand$1,082,016Additions$270,504Total$1,352,520
Tax Record2024$16,448 ($1,371 / month)
Home Facts
Beds3Total Finished SqFt1,738 SqFtAbove Grade Finished SqFt1,738 SqFtStories2Lot Size8,394 SqFtStyleSingle Family ResidenceYear Built1938ZoningLARD1.5CountyLOS ANGELESAPN2419-005-017

Schools near 10847 Morrison Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Toluca Lake Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

10847 Morrison Street is a multi-family home for sale in North Hollywood, CA 91601. This property was listed for sale on January 6, 2025 by Lyon Stahl Investment Real Estate, Inc., it's currently listed at $4,395,000. It has been on the market for a total of 1 days and was last sold on April 8, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Toluca Lake Elementary School, Walter Reed Middle School and East Valley Senior High School. 10847 Morrison Street is a 20-bed, 19-bath, 10,242 sqft multi-family home built in 2024.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Michael Monempour, DRE #01996829; Lyon Stahl Investment Real Estate, Inc., Jason Matatiaho, DRE #02188021

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.