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.