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10824 Morrison Street

North Hollywood, CA 91601

– beds
– baths
– sqft
6,600 sqft lot
2018 build
– on site

More homes

10824 Morrison is a 2018 CONSTRUCTION ultra-luxury fourplex that offers buyers a remarkable 5.21% cap rate (projected). This lovely property is located on a peaceful residential street that is sandwiched between upscale Toluca Lake and trendy NoHo Arts District. A short walk to the local hotspots in each neighborhood makes this property a tenant’s dream residence. The units are not subject to rent control, so you can enjoy freedom, profit and peace of mind when purchasing this building. With such strong return, this is a great place to park your money that requires little to no headaches & property management. 10824 Morrison is made up of two duplexes on one lot. The rear duplex consists of an upstairs 4 bedroom, 3 bathroom unit and a downstairs 3 bedroom, 2 bathroom unit. The front duplex is made up of an upstairs 3 bedroom, 2 bathroom unit and a downstairs 2 bedroom, 2 bathroom unit. The rear building has 2 tandem parking spots in a garage and the front building has 2 additional tandem garage parking spots that can be accessed from the front of the building and the back. There are 4 exterior spots, making for a total of 8. The units feature top of the line appliances, high quality finishes, spacious floor plans and laundry hookups in unit. Estimated completion is April 2018.

Listed By CRMLS_CA / Elizabeth Maddox / The 2-4 Unit Specialists

Last checked: Checking… • Last updated May 2, 2024 •

MLS# BB18015882 —

The Building

Year Built:

2018
Year Built Source:

Builder
New Construction:

Yes
Architectural Style:

Contemporary, Modern
Exterior Features:

Lighting
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

4604.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

4
# of Separate Water Meters:

5
# of Separate Electric Meters:

5

Interior

Features:

Balcony, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Storage, Tandem
Levels:

Two
Entry Location:

1
Window Features:

Double Pane Windows
Flooring:

Laminate, Tile
Room Type:

Kitchen, Laundry, Living Room, Master Bathroom, Master Bedroom, Walk-In Closet
Fireplace:

No
Fireplace:

None
Laundry:

Gas Dryer Hookup, Inside, Washer Hookup
Laundry:

1

Location

Directions:

On Morrison nearby Riverton
Latitude:

34.16056400
Longitude:

-118.36681200

The Property

Subtype:

Quadruplex
Property Condition:

Under Construction
Lot Features:

Landscaped, Level with Street, Near Public Transit, Park Nearby, Sprinkler System
Lot Size Area:

6600.0000
Lot Size Acres:

0.1515
Lot Size SqFt:

6600.00
Lot Size Source:

Builder
View:

1
View:

Neighborhood
Road Frontage:

City Street
Road Surface Type:

Paved
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Area:

13
Taxes Percent:

1.19
Tax Tract:

6089
Tax Lot:

25
Tax Annual Amount:

27439.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

2421009005

Heating & Cooling

Heating:

1
Heating:

Central
Cooling:

Yes
Cooling:

Central Air

Utilities

Sewer:

Public Sewer
Water Source:

Public

Appliances

Appliances:

Built-In Range, Dishwasher, Freezer, Disposal, Gas Oven, Gas Range, Gas Cooktop, Microwave, Range Hood, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Features:

Curbs, Sidewalks, Street Lights
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No

Parking

Parking:

Yes
Parking:

Covered, Driveway, Garage Faces Front, Garage Faces Rear, Garage Door Opener, On Site, Parking Space, Tandem Garage
Parking Spaces:

8.00
Garage Spaces:

4.00
Uncovered Spaces:

4.00

Extra Units

Average 2 Bed Area:

817
Average 3 Bed Area:

1262
Number With Disposal:

4
Number With Dishwasher:

4
Number With Refrigerator:

4

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Sale history

Date	Source	Price	% Change
1/27/23 Jan 27, 2023	CRMLS_CA	$2,575,000	-2.8%
12/27/22 Dec 27, 2022	CRMLS_CA	$2,649,000
10/27/22 Oct 27, 2022	CRMLS_CA	$2,649,000	-1.9%

Multifamily Sold on 7/18/2018

$2,300,000

Listing provided by broker:

Elizabeth Maddox

The 2-4 Unit Specialists

Newest listings in Los Angeles, CA

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Listing Courtesy of: CRMLS_CA and The 2-4 Unit Specialists. Based on information from California Regional Multiple Listing Service, Inc. as of 05:44 on May 06.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.

10824 Morrison Street

North Hollywood, CA 91601