11025 Blix Street, North Hollywood, CA 91602
Local realty services provided by:CENTURY 21 Masters
11025 Blix Street,North Hollywood, CA 91602
$2,700,000
- 12 Beds
- 10 Baths
- 4,958 sq. ft.
- Multi-family
- Active
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26850669
Source:CRMLS
Price summary
- Price:$2,700,000
- Price per sq. ft.:$544.57
About this home
We are pleased to present 11025 Blix, a brand-new 2025 four-unit community in the heart of Toluca Lake. The Property comprises two structures on a single8,260-square-foot lot a front duplex of two 4BR/3BA split-level townhomes and a rear pair of detached 2BR/2BA accessory dwelling units totaling 4,958 rentable square feet.Every unit was delivered with European cabinetry, stainless Samsung appliances, in-unit washer/dryer, vinyl-plank flooring, custom shades, and central HVAC. The property is gated and carries owned solar offsetting common-area load; the two front townhomes include four dedicated parking spaces. There is no deferred maintenance and the lowest reserve and repair tier appropriate for a 2025 build.By its 2025 vintage the asset is exempt from the City of Los Angeles Rent Stabilization Ordinance and California AB 1482, and the owner-friendly expense structure tenants pay trash, electric, and internet/cable on this all-electric property drives a clean operating profile. The all-new, low-touch configuration broadens the buyer pool well beyond a typical value-add four-unit to 1031 exchange buyers, private local investors, and first-time multifamily buyers seeking turnkey product.Offered at $2,700,000 $675,000 per unit and $545 per square foot the Property reflects a 5.27% cap rate on stabilized income, pricing approximately 3% below the sold-comp per-unit median while delivering a measurable yield premium to recent Toluca Lake and North Hollywood closings. A disciplined, clear-to-trade opportunity in an established Toluca Lake location....
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Home facts
- Year built:2025
- Listing ID #:26850669
- Added:1 day(s) ago
- Updated:June 23, 2026 at 03:31 AM
Rooms and interior
- Bedrooms:12
- Total bathrooms:10
- Flooring:Wood
- Kitchen Description:Dishwasher, Microwave, Refrigerator
- Living area:4,958 sq. ft.
Heating and cooling
- Heating:Central
Structure and exterior
- Year built:2025
- Building area:4,958 sq. ft.
- Lot area:0.19 Acres
Finances and disclosures
- Price:$2,700,000
- Price per sq. ft.:$544.57
Features and amenities
- Appliances:Dishwasher
- Laundry features:Stacked
Parking
- Parking description:Shared Driveway
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