10950 Hortense Street, North Hollywood CA 91602

OFFERING PRICE: $1,200,000

MVP Commercial is pleased to present 10950 Hortense Street – a three (3) unit multifamily investment opportunity situated in a pocket bordering prime North Hollywood and Toluca Lake. This wood frame stucco building consists of 2,270 SF of living area and is situated on a 6,687 SF lot zoned LAC2.

This property features: One (1) Two Bedroom / 1.5 Bath unit and Two (2) One Bedroom / One Bath units. All units provide a washer and dryer, charming private patios, and central HVAC. Additionally, this pride of ownership building boasts spacious floor plans with hardwood and tile floors, granite counter tops, crown molding, stainless steel appliances, and gas fire places.

Furthermore, the property is located in the North Hollywood Redevelopment Project Area. The 743-acre redevelopment project is located east of the Hollywood Freeway and north of the Ventura freeway. The Project Area is generally bounded by Hatteras Street on the north; Cahuenga Avenue to the east; the Hollywood Freeway to the south; and Tujunga Avenue to the west. The project area contains several notable developments that include: the Academy of Television Arts and Sciences located in the Academy Business and Entertainment Complex, the commercial/ residential/ entertainment mixed-use NoHo Commons project and the NoHo Arts District which supports numerous live theaters and other arts organizations. In addition to being a charming multi-family building located in an expanding area, the property also makes for an excellent potential development opportunity.

The new owner/investor will benefit from this trophy property that provides ample parking for the tenants, private garages, gated entry, and units that are in high rental demand.