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11025 Blix Street, North Hollywood, CA 91602

$2,700,000 Approx. USD 12 beds, 10 baths
4,958 sqft

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Photo of Xavier Inguanzo

Marketed By Xavier Inguanzo REALTOR® - Sales Associate 626-695-1592 m
626-440-5100 o
949-565-8511 f
Lic#: 02233421
NRDS ID: 190015105
XavierInguanzo@bhhscal.com Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
Phone: 626-440-5100
Fax: 626-568-8120

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Listing Agent

Filip Niculete | info@laaa.com
Lic#: 01905352
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2763

Co Listing Agent

Glen Scher | glen.scher@marcusmillichap.com
Lic#: 01962976
Broker: Courtesy of Marcus & Millichap
Phone: 818-212-2808

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26850669

Price: $2,700,000

Beds: 12

Baths: 10

Built in 2025

4,958 sqft

0.19 acres

Lot size: 0.1896

County: Los Angeles

Zoning: LAR1

Appliances: Dishwasher,Microwave,Refrigerator

Parking description: Shared Driveway

Heating description: Central

MLS area: TUL - Toluca Lake

Last Updated: 6/22/2026

Days On Market (DOM): 50

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This listing belongs to the TUL - Toluca Lake MLS area

Lat/Long: 34.156896, -118.371462.
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Photo of Xavier Inguanzo

Xavier Inguanzo REALTOR® - Sales Associate 626-695-1592 m
626-440-5100 o
949-565-8511 f
Lic#: 02233421
NRDS ID: 190015105
XavierInguanzo@bhhscal.com
Pasadena Office
540 South Lake Ave
Pasadena, CA 91101