10763 Kling St, North Hollywood, CA 91602
5 Unit Toluca Lake Property 1 Block from Lankershim Blvd
10763 Kling St, Los Angeles, CA is a 5 unit multifamily property located 1 block west of Lankershim Blvd and 1 block south of Camarillo St in the Toluca Lake submarket of North Hollywood. The property sits within walking distance of the NoHo Arts District, Metro access, studio employment centers, and the retail concentration that defines this corridor.
This section of North Hollywood continues to lease consistently because daily amenities, transit connectivity, and entertainment employment are all within reach. Tenants here are not choosing the area for trend cycles. They are choosing proximity and practicality, which historically supports steady occupancy.
Front Single-Family Residence With Separate Rear 4 Unit Building
10763 Kling St is comprised of a front 2 bed, 2 bath single-family residence and a detached 2-story rear building containing 4 1 bed units.
The front residence presents with Spanish-influenced character details, including a tiled roofline and defined entry, giving it a true standalone home feel rather than reading as an apartment unit. The rear structure is configured in a classic courtyard-style layout with exterior stair access and defined unit entries, creating separation between tenants while maintaining a compact footprint.
In a 5 unit asset, layout matters. The detached house broadens tenant appeal beyond a uniform one-bedroom profile, while the rear building allows the property to operate efficiently as a traditional small multifamily structure.
The separation between structures also reduces operational friction. Improvements to one portion of the property can be managed without disrupting the entire site.
Functional Site Layout With On-Site Parking and Outdoor Areas
The property includes 5 on-site parking spaces accessed via a long driveway, along with defined outdoor yard areas serving both the front residence and rear units.
The rear yard includes patio seating areas and mature landscaping, providing usable outdoor space without requiring high-maintenance amenities. The driveway configuration allows direct access to parking at the rear of the lot while maintaining a residential streetscape presence at the front.
For smaller assets, simplicity in circulation and site layout reduces management complexity. Clear parking assignments and accessible outdoor space tend to support tenant retention in this submarket.
Separately Metered Utilities Supporting Expense Clarity
Gas and electricity are separately metered, allowing for cleaner expense allocation and reducing utility exposure for ownership.
In 5 unit properties, operating discipline often comes down to fundamentals. Separate metering, defined access points, and a straightforward building configuration all contribute to predictable management.
North Hollywood Location Anchored by Access and Employment
10763 Kling St benefits from immediate proximity to Lankershim Blvd, Magnolia Blvd, and the North Hollywood Arts District. Metro access and studio employment continue to anchor rental demand throughout this pocket.
This corridor has long been supported by entertainment industry employment, transit connectivity, and neighborhood-serving retail. That combination tends to outlast short-term market cycles.
A Practical 5 Unit Asset in an Established Corridor
10763 Kling St reflects the type of smaller multifamily property many Los Angeles owners gravitate toward. It is manageable in scale, positioned within a durable rental corridor, and configured in a way that supports straightforward operations.
There is no complexity layered into the asset beyond what you see on site. Detached structures, defined parking, separate metering, and a location that continues to perform are what shape its long-term profile.
For owners who value clarity, manageability, and location stability, those characteristics tend to matter more than narrative positioning.
The Heritage Square Portfolio features 3614-3618 Pasadena Avenue, 106-114 E. Avenue 37 and 103-117 E. Avenue 36, and is comprised of (22) residential units and (3) commercial spaces on 51,492 SF of land. 106-114 E. Avenue 37 & 103-117 E. Avenue 36 is comprised of (17) bungalow-style units sitting on two parcels totaling 38,583 SF of land. Please note, 13 of the 17 units are true bungalows with private entrances, no shared walls, side-yards and backyards. 3614-3618 Pasadena Avenue is comprised of 3 commercial spaces and 5 residential units sitting on 12,433 SF of land zoned RAS3. This portfolio offering is a true value-add opportunity as current rents are approx. 61% below market compared to renovated units in the area. Additionally, the portfolio sits directly across from the Heritage Square Gold Line station and is eligible for Tier 3 TOC incentives.
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Sold Price
$1,505,000
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