10814 Blix St, North Hollywood, CA 91602

Description

We are pleased to present 10814-10818 Blix Street, an 18-unit apartment property in Toluca Lake with three buildings, a front house and an assigned parking space for every apartment. Set on a 19,496 square foot lot near the Universal, Warner Bros. and Disney studio lots, the property combines rental income with the character and outdoor space of a smaller residential community.The front of the property is a 1916 duplex. Its street-facing residence is a 1,100 square foot two bedroom house with a private patio and its own laundry, leased at $3,800 a month, with a one bedroom residence behind it. The two-story apartment buildings from 1950 and 1953 complete the mix of seven studios, nine one-bedrooms and two two-bedrooms. A motor court provides 18 assigned parking spaces, and a garden patio with tables and seating gives residents shared outdoor space.Selected apartment interiors feature updated kitchens with white cabinetry and granitecounters, wood or plank flooring and updated bathrooms. Recent work includes tankless water heaters and selected flooring and appliance replacements. Eleven of the 16 occupied units on the August 2026 rent roll were leased since 2023. Much of the tenancy has therefore already turned over, giving the buyer income from recently re-leased apartments alongside the remaining opportunity in lower-rent units.Storage rentals and the shared laundry room generate income beyond apartment rent, while water and sewer reimbursements recover utility costs. These operating practices are already in place for the buyer to continue. The laundry room has two washers and two dryers, and a resident manager lives on site.The property is subject to the Los Angeles Rent Stabilization Ordinance, with all 18 units registered. Further rent potential remains in lower-rent apartments as they turn over and move toward supported market rents. The property offers a private investor or 1031 exchange buyer an established Toluca Lake rental operation with parking, updated apartment interiors and additional income sources, on 0.45 acres of R3-1 land in TOC Tier 3.Blix Street is a residential block just east of Lankershim Boulevard, with a Walk Score of 83. Idle Hour is 0.24 miles away. The NoHo Arts District, North Hollywood's theater and restaurant center at Lankershim and Magnolia, is 0.75 miles away.Toluca Lake village, the Riverside Drive shops and restaurants around the 10100 block, is 0.95 miles away.Three major studio lots are close: Universal Studios Hollywood is 1.53 miles away, Warner Bros. Studios 1.73 miles and The Walt Disney Studios 2.36 miles. The Metro B Line's North Hollywood Station, 1.04 miles away, runs direct to Hollywood and Downtown Los Angeles, and Hollywood Burbank Airport is 2.94 miles away.