$5,700,000

Estimated payment $36,517/month

2 Beds
1 Bath
24,614 Sq Ft
$232 Price per Sq Ft

Highlights

  • 0.56 Acre Lot
  • Ulysses S. Grant Senior High School Rated A-
  • Laundry Room

About This Home

We are proud to represent this 27 unit property in North Hollywood.
The property was constructed in 1962. Its unit mix consists of (27) 2+1 units. With a lot size of 24,371 square feet, the property has a total of 24,614 rentable square feet.
North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.

Listing Agent

Cindy Hill

Equity Union Brokerage Phone: 818-640-4360 License #00885625 Listed on: 09/03/2025

Equity Union

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.56 Acre Lot
  • 1 Common Wall

Parking

  • 27 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 24,614 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Location

  • Urban Location
  • Suburban Location

Listing and Financial Details

  • Tax Lot 42
  • Tax Tract Number 1081
  • Assessor Parcel Number 2327025016
  • $3,456 per year additional tax assessments

Community Details

Overview

  • 27 Units
  • Valley

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 27 Separate Electric Meters
  • 27 Separate Gas Meters
  • 27 Separate Water Meters
  • Insurance Expense $12,426
  • Professional Management Expense $12,000
  • Water Sewer Expense $39,756
  • Operating Expense $147,410
  • Gross Income $500,232
  • Net Operating Income $342,015

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Parking

27

Listing Details

  • CapRate: 6.00
  • Price Per Unit: 211111
  • Professional Management Expense: 12000.00
  • Property Attached: Yes
  • Water Sewer Expenses: 39756.00
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 2327025016
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 231.58

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 27.00
  • Total Parking Spaces: 27.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Suburban, Urban, Valley

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Sq Ft: 24378.00
  • Lot Size Acres: 0.5596

Multi Family

  • Gross Income: 500232.00
  • Gross Multiplier: 11.30
  • Gross Scheduled Income: 500232.00
  • Insurance Expense: 12426.00
  • Lot Size Area: 24378.0000 Square Feet
  • Net Operating Income: 342015.00
  • Number Of Separate Electric Meters: 27
  • Number Of Separate Gas Meters: 27
  • Number Of Separate Water Meters: 27
  • Number Of Units Total: 27
  • Operating Expense: 147410.00
  • Rent Control: Yes
  • Total Expenses: 147410.00

Tax Info

  • Tax Census Tract: 1234.20
  • Tax Lot: 42
  • Tax Tract Number: 1081
  • TaxOtherAnnualAssessmentAmount: 3456.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2025 09/03/25 For Sale $5,700,000 -- $232 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in the area

  • 5763 Laurel Canyon Blvd, Los Angeles, CA 91607

    $4,380,000

    • 3 Beds
    • 3 Baths
    • 11,018 Sq Ft
    • 5763 Laurel Canyon Blvd
    • Los Angeles, CA

    KW Commercial is pleased to present the exclusive opportunity to acquire a VALUE ADD 16 Unit Apartment Complex in Valley Village, CA. This multi-family property is comprised of four2BD/1BA units, eight 1BD/1BA units, and four single units.This property includes a .21 ACRE/9,348 SF leveled vacant lot that is zoned R1. With excellent proximity to shopping, entertainment districts, restaurants,

    Jason Choi Keller Williams Realty

    Section Image
  • 6242 Vineland Ave, Los Angeles, CA 91606

    $5,400,000

    • 4 Beds
    • 5 Baths
    • 14,352 Sq Ft
    • 6242 Vineland Ave
    • Los Angeles, CA

    VINELAND 19: This investment property, constructed in 1989 and exempt from LA City rent control, is presented at a 5.5 CAP rate and a 12.10 GRM, with potential for increased returns. Situated in the rapidly developing southeast region of North Hollywood, it offers convenient access to NoHo, NoHo West, Burbank, Studio City, Hollywood, DTLA, as well as nearby shopping, dining, and entertainment

    Ed Koenig Ed Koenig IRE

    Section Image

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25197789

California Regional Multiple Listing Service (CRMLS)