10847 Morrison StLos Angeles, CA 91601

This exceptional 2024-built, three-story apartment building in desirable North Hollywood, CA presents a compelling investment opportunity. Boasting 10,242 square feet on a 7,914 square foot lot, the property features six units, including five standard units and an ADU, all with in-unit washers/dryers, private patios/decks, and private garages. The townhouse-style units offer spacious floor plans designed to maximize rental potential, catering to a diverse range of tenants. Located in a vibrant area with easy access to entertainment, dining, and cultural attractions, this property benefits from a prime location and strong rental demand. The building's modern design and energy efficiency translate to minimal maintenance costs and high appeal to renters. With a 5.60% cap rate and a net operating income (NOI) of $257,782, this property offers a strong return on investment. The asking price is $4,600,000, with a price per unit of $766,666.67 and a price per square foot of $449.13. The property is zoned LARD1.5 and has an APN of 2419-005-027. This is a turnkey investment ready for immediate income generation. The property's modern amenities, spacious layouts, and desirable location combine to create a highly attractive rental property with significant long-term appreciation potential.