Duplex with 5-Unit Approved
For Sale
$975,000
11202 Oxnard St, North Hollywood, CA 91606
MULTI_FAMILY - North Hollywood, CA
Property Size1,725 SF
Lot Size0.16 Acres
Price / SF$565.22
Days on Market146
Property Features for 11202 Oxnard St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD2
Bedrooms
4
Bathrooms
2
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3
Parking features
Garage
Directions
North of Burbank Blvd, South of Victory Blvd, West of Vineland Ave, East of Tujunga Ave
Subdivision
North Hollywood
Standard status
Active
APN
2337-011-020
Size
1,725 SF
Lot size
0.16 Acres
Building Details
Year built
1950
Floors in Building
1
Number of units
2
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Daniel Shamooelian · License #01984269
(310) 651-1800
Added: Mar 17
Changed: Aug 5
Last Checked: Aug 9 at 2:06AM
MLS# 26665193
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property currently consists of a tenant-occupied duplex on a flat corner lot. The building was constructed in 1950 and includes a garage. Approved plans are available to convert the duplex into a new 3-story triplex plus two detached ADUs, creating a five-unit project. The approved unit mix includes two 2-bedroom/2-bath units, one 3-bedroom/3-bath unit, and two 4-bedroom/3-bath units, totaling 8,174 square feet.
The site is approximately 0.1623 acres (7,065 SF) and is zoned LARD2. The property is located about one mile from the NOHO Arts District and the NOHO West Shopping Complex, supporting convenient access to dining, shopping, entertainment, and transportation options.
RTI plans are available upon request, and the property is described as potentially deliverable vacant at close of escrow, depending on timing and tenant occupancy.
The site is approximately 0.1623 acres (7,065 SF) and is zoned LARD2. The property is located about one mile from the NOHO Arts District and the NOHO West Shopping Complex, supporting convenient access to dining, shopping, entertainment, and transportation options.
RTI plans are available upon request, and the property is described as potentially deliverable vacant at close of escrow, depending on timing and tenant occupancy.
Key Highlights
- Approved plans to convert the existing duplex into a new 3‑story triplex plus two detached ADUs for a five‑unit project
- Approved unit mix: two 2‑bedroom/2‑bath, one 3‑bedroom/3‑bath, and two 4‑bedroom/3‑bath units totaling 8,174 SF
- Flat corner lot totaling 7,065 SF on 0.1623 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,125
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.09%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$602,500
$602.5K
Cap Rate 7%
$430,357
$430.4K
Cap Rate 9%
$334,722
$334.7K
Market Conditions
NOI Build-Up for 1,725 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.6K $27.00/SF
− Vacancy
−$3.5K −$2.05/SF
EGI
$43.0K $24.95/SF
− OpEx
−$12.9K −$7.48/SF
NOI
$30.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$602,500
Cap Rate 7%
$430,357
Cap Rate 9%
$334,722
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.1K
NOI $30,125 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$396.5K
$347.0K – $462.6K
NOI $27,757 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$923.6K
$808.1K – $1.08M
NOI $64,649 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Tenant-occupied duplex on a LARD2 corner lot with approved plans for a converted 5-unit project and detached ADUs.
Where is this duplex located?
The property is located at 11202 Oxnard St North Hollywood, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Approved plans to convert the existing duplex into a new 3‑story triplex plus two detached ADUs for a five‑unit project; Approved unit mix: two 2‑bedroom/2‑bath, one 3‑bedroom/3‑bath, and two 4‑bedroom/3‑bath units totaling 8,174 SF; Flat corner lot totaling 7,065 SF on 0.1623 acres
