Description

"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. SB-8 exempt and free from LA rent control, this rare 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/unit—underscoring 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 and request the full Offering Memorandum."

Project Features:

• Square footage: 8600 sq ft
• 6 Units: 3 Double Duplexes each approximately 1450 sq ft
• 3 BR 3 BA Units
• Three of them will have rooftop decks

Location: North Hollywood

Architect: Moses Architecture

Property Type: Multi-Family

Status: Completed

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