10824 Morrison Street
North Hollywood, CA 91601
- – beds
- – baths
- – sqft
- 6,600 sqft lot
- 2018 build
- – on site
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10824 Morrison St is a rare, non-rent controlled 2018 construction fourplex in prime Toluca Lake Adj./NoHo Arts District that is being offered at an unheard-of low price of $2,649,000! The property boasts a cap rate of 4.69% and is made up of quiet tenants that diligently pay their rent each month. Once the current tenants’ leases expire, we expect a conservative 5.00% cap rate. 10824 Morrison features two 2-story duplexes containing a total of one 4b/3b unit, two 3b/2b units, and one 2b/1.5b unit with 8 total parking spots (3 garage spots and 5 surface spots)! Enjoy other notable perks including: no rent control, stainless steel appliances, washers and dryers, well-designed open floor plans, little to no maintenance, separate meters for gas, water & electric, and extreme desirability amongst renters for years to come! With a major lack of new construction inventory under $3 million, this property is priced to sell fast at $2,649,000! Between the lack of rent control, charming residential neighborhood, and the major upside potential, this is an ideal newer construction property to act on ASAP! With SB-8 in effect, less fourplexes are being built, making properties like this an even more rare and hot commodity. This property is a dream come true for 1031 exchange buyers- ready to close right away!
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Last updated Apr 19, 2023
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MLS# BB22220633 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
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View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/27/23
Jan 27, 2023
|
Sold | CRMLS_CA | $2,575,000 | -2.8% |
|
12/27/22
Dec 27, 2022
|
Pending | CRMLS_CA | $2,649,000 | |
|
10/27/22
Oct 27, 2022
|
Price Changed | CRMLS_CA | $2,649,000 | -1.9% |