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    North Hollywood Triplex on Corner Lot Title is generated by Realmo AI

    11667 Burbank, North Hollywood, CA 91601

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    For Sale
    $875,000

    Triplex - North Hollywood, CA

    Type:Triplex
    Property size:
    2,720 SF
    Lot size:
    5,315.00 Acres
    Price / SF:
    $321/SF
    Added:
    Mar 3, 2026
    Days on Market:
    74
    Last Refresh:
    May 16 at 4:06 am

    Property Features for 11667 Burbank

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Triplex
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Parking
    3
    Exterior features
    Community Features Included: Suburban, 2-5 Units/Acre
    Standard status
    Active
    APN
    2339015066
    Size
    2,720 SF
    Lot size
    5,315.00 Acres

    Building Details

    Year built
    1957
    Floors in Building
    2
    Number of units
    3
    Architectural style
    Other

    We can help!

    Listing Contact
    James Antonucci

    Listing agent James Antonucci License #01822661

    Listing office Keller Williams Realty-Studio City 12711 Ventura Blvd., Studio City, CA

    Listing date Mar 3, 2026

    MLS# SR26047044 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime location in the heart of North Hollywood with strong rental demand and long‑term growth potential.
    • Desirable corner lot providing enhanced visibility, natural light, and improved accessibility.
    • Highly desirable unit mix of three spacious 2‑bedroom / 1.5‑bath units.
    • Convenient access to California State Route 170 and the North Hollywood station for easy commuting.
    • Close proximity to Los Angeles Valley College, supporting consistent rental demand.
    • On‑site parking and laundry facilities, highly valued amenities in the area.

    Overview

    Located in the heart of North Hollywood, this multifamily property at 11667 Burbank Boulevard presents a desirable opportunity with strong rental demand, excellent accessibility, and long-term growth potential. Positioned on a corner lot, the property benefits from enhanced visibility, natural light, and improved accessibility for residents and visitors. The building features three spacious 2-bedroom / 1.5-bath units, catering to small families, roommates, and professionals seeking larger floor plans. Individually metered gas and electric service provides operational efficiency and reduced owner utility expenses. On-site parking and on-site laundry facilities are included. The property's location offers quick access to California State Route 170, providing connectivity to employment centers throughout the San Fernando Valley and the greater Los Angeles area. It is also located near Los Angeles Valley College, supporting consistent rental demand from students, faculty, and local professionals. Public transportation is easily accessible via the nearby North Hollywood station, providing Metro Rail and bus connections. Residents benefit from close proximity to the vibrant NoHo Arts District, known for its theaters, restaurants, cafes, and entertainment venues. Nearby shopping centers and everyday retail further enhance convenience. The property occupies a 0.122 acre lot and the building size is 2720 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $527.8K
    NOI $47,501 @ 9.00% cap · cautious / downside scenario
    Moderate
    $678.6K
    NOI $47,501 @ 7.00% cap · market / base-case scenario
    Aggressive
    $950.0K
    NOI $47,501 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $73.4k $27.00
    − Vacancy −$5.6k −$2.05
    EGI $67.9k $24.95
    − OpEx −$20.4k −$7.48
    NOI $47.5k $17.46
    2,720 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $678.6K
    $593.8K – $791.7K (±1% cap)
    NOI $47,501 @ 7.0% cap · market cap 5.43%
    Second Best
    Apartment 5plus
    $625.2K
    $547.1K – $729.5K (±1% cap)
    NOI $43,767 @ 7.0% cap · market cap 5.00%
    Theoretical Best
    Office A
    $1.46M
    $1.27M – $1.70M (±1% cap)
    NOI $101,939 @ 7.0% cap · market cap 11.65%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3870862
    Latitude
    34.1723142

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    FAQs

    What type of property is this?
    Triplex - Triplex in North Hollywood with strong rental demand and accessibility.
    Where is this triplex located?
    The property is located at 11667 Burbank North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: Prime location in the heart of North Hollywood with strong rental demand and long‑term growth potential.; Desirable corner lot providing enhanced visibility, natural light, and improved accessibility.; Highly desirable unit mix of three spacious 2‑bedroom / 1.5‑bath units.
    (818) 381-6601
    We can help!
    Listing Contact
    James Antonucci
    Real Estate License ID: 01822661
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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