ELIGIBLE FOR 100% BONUS DEPRECIATION WITH ESTIMATED YEAR 1 FEDERAL TAX DEDUCTIONS OF APPROXIMATELY $232,000, VERIFIED BY A LEGITIMATE COST SEGREGATION EXPERT! SB-8 EXEMPT STATUS! Introducing "The Hortense VI," a newly completed, best-in-class 2025 townhome-style apartment complex located within the prestigious Toluca Lake enclave, one of Los Angeles’ most exclusive and supply-constrained submarkets. This rare SB-8 exempt offering features six expansive 3-bedroom, 3-bathroom luxury residences, each appointed with high-end finishes, in-unit laundry, private two-car garages, and rooftop decks in select units. The property spans approximately 8,600 SF of net rentable area and 11,000 SF of gross building area (including ~2,400 SF of private garages) on a premium 9,408 SF lot. With four of six units leased at market rates and lease applications under review for the final two, the asset is poised to achieve $28,800/month in stabilized rental income. For owner-users, an opportunity exists to occupy one unit while generating approximately $24,000/month in supplemental revenue. Constructed by Thornton Development Group, the project is surrounded by $1M+ home sales and small-lot subdivisions, with nearby apartment comps closing above $800,000/unitunderscoring the exceptional basis. Located steps from Riverside Drive, Trader Joe’s, the NoHo Arts District, and major studio employers, The Hortense VI represents a rare opportunity to secure a stabilized, high-yield asset in a true blue-chip neighborhood. Contact the listing agent today to arrange a private tour!
Property Details
Price:
$4,795,000
MLS #:
25563549
Status:
Active
Baths:
0
Type:
Residential Income
Neighborhood:
nhonorthhollywood
Listed Date:
Jul 11, 2025
Lot Size:
9,583 sqft / 0.22 acres (approx)
Year Built:
2025
See this Listing
Schools
Interior
Appliances
Dishwasher, Microwave, Refrigerator
Cooling
Central Air
Heating
Central
Laundry Features
Washer Included, Dryer Included
Exterior
Architectural Style
Contemporary
Parking Features
Garage – Two Door, Tandem Garage, Street, Gated
Parking Spots
0.00
Financial
Map
Community
- Address10742 Hortense Street North Hollywood CA
- NeighborhoodNHO – North Hollywood
- CityNorth Hollywood
- CountyLos Angeles
- Zip Code91602
Subdivisions in North Hollywood
Market Summary
Current real estate data for Residential Income in North Hollywood as of Oct 23, 2025
57
Residential Income Listed
206
Avg DOM
$2,699,895
Avg List Price
Property Summary
- 10742 Hortense Street North Hollywood CA is a Residential Income for sale in North Hollywood, CA, 91602. It is listed for $4,795,000
Similar Listings Nearby

10742 Hortense Street
North Hollywood, CA