$2,700,000
 $14,494 est/mo Sourced by Back At You

11025 Blix Street,North Hollywood, CA 91602

North Hollywood, CA 91602

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Description

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.

Details

MLS #26850669
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year2025
Days On Site67
Listing Provided ByMarcus & Millichap | Filip Niculete

Features

Bed(s)12
Bath(s)10
SQ Feet4,958
Story(s)2
Units4
Building(s)2
ZoningLAR1
Acreage0.19

Interior

HeatingCentral
Heating Yes / NoYes
AppliancesDishwasher, Microwave, Refrigerator

Parking

Parking FeaturesShared Driveway

Area Information

StateCA
CountyLos Angeles
CityNorth Hollywood
Zip Code91602
AreaTUL Toluca Lake
Listing VS Median (in 91602)
Price:
$2,700,000
low | high
Med:
$1,825,000
82.407407407407% of Average
sqft:
4,958
low | high
Med:
5,371
41.670028237192% of Average
$ / sqft:
$545
low | high
Med:
$340
87.604901494308% of Average
On site:
67
low | high
Med:
113
59.29203539823% of Average
Sourced by Back At You

Market Activity 91602

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Contact

Learn More About This Property

David Hong

David Hong

Coldwell Banker Commercial

02207128 (760) 617-8885david.hong@cbcinland.com
StateCA
CountyLos Angeles
CityNorth Hollywood
Zip Code91602
AreaTUL Toluca Lake
Listing VS Median (in 91602)
Price:
$2,700,000
low | high
Med:
$1,825,000
82.407407407407% of Average
sqft:
4,958
low | high
Med:
5,371
41.670028237192% of Average
$ / sqft:
$545
low | high
Med:
$340
87.604901494308% of Average
On site:
67
low | high
Med:
113
59.29203539823% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.25M - $3.375M
sqft: 3,500 - 6,000
Nearby Listings Property ImageNearby Listings Details
11001 Hortense Street Property Photo 1
$1,750,000
11001 Hortense Street
West Toluca Lake, CA 91602
Listing Updated: August 24, 2026 at 12:16:43 PM PDT