Equity Union Commercial is pleased to present 10857 N. Morrison St., an architecturally stunning, non-rent-controlled 4-unit multifamily asset in the upscale Toluca Woods neighborhood. This new construction (December 2024) property is a rare find, offering high-end finishes that rival luxury small-lot subdivisions. Priced at $3,950,000, this investment opportunity boasts a prime location near Toluca Lake, Studio City, Burbank’s Media District, and the NoHo Arts District, providing an ideal balance between residential tranquility and urban accessibility. One of the standout features is the private rooftop decks—a rare and highly coveted amenity in the area—offering residents expansive outdoor space with breathtaking views. Designed for both investors and owner-occupants, 10857 N. Morrison St. presents multiple compelling opportunities. Investors can choose to rent all four units to long-term tenants at a projected nearly 5.0% cap rate, lease the entire property to a master tenant for a projected much higher cap rate (with discussions already underway with a highly motivated operator), or owner-occupy one of the luxury townhomes while generating enough rental income to offset or fully cover the mortgage. With its high-end finishes, spacious layouts, and premium amenities, this property is primed for strong rental demand and long-term appreciation. This 6,054 SF multifamily gem consists of four 4-bedroom, 3-bathroom townhomes, each featuring private rooftop decks, in-unit laundry, and independent utility meters (four gas, electric, and water meters), ensuring that tenants cover their own utility expenses, reducing owner overhead. The thoughtfully designed interiors showcase premium materials and modern aesthetics, making these units highly desirable for professionals and families seeking upscale living. Additionally, the property provides ample parking and bonus exterior spaces, further enhancing its appeal. With a strategic location, luxury finishes, and flexible investment potential, 10857 N. Morrison St. represents a rare opportunity to acquire a brand-new, high-yield multifamily asset in one of Los Angeles' most sought-after submarkets. Whether as a high-return investment or an owner-occupied luxury residence, this property is positioned to deliver exceptional value. Don’t miss the chance to secure this premium asset in the heart of Toluca Woods.