Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11849 Hart St North Hollywood, CA 91605

    View on Map
    Sponsored
    For Sale
    $1,195,000

    Apartment - North Hollywood, CA

    Type:Apartment
    Property size:
    3,930 SF
    Lot size:
    8,850.00 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 20 at 11:06 am

    Property Features for 11849 Hart St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Active
    Rooms
    Bathroom 1, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    1
    APN
    2321007016
    Exterior features
    Community Features Included: Suburban, 2-5 Units/Acre
    Size
    3,930 SF
    Lot size
    8,850.00 Acres

    Building Details

    Year built
    1953
    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    We can help!

    Listing Contact
    James Antonucci

    Keller Williams Realty Studio City

    Listing agent James Antonucci License #01822661

    Listing date Mar 19, 2026

    MLS# SR26060638 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.

    Learn more

    Property Insight Report

    Overview

    North Hollywood Multifamily Investment Opportunity

    Located in North Hollywood, the property at 11853 Hart St presents a multifamily investment opportunity in a high-demand rental market within the San Fernando Valley. The property features a five-unit apartment building, each unit containing two bedrooms and one bathroom. Each unit is individually metered for gas and electric. On-site amenities include parking and laundry facilities. The building's layout and unit mix aim to provide rental appeal and tenant stability. The property is located near shopping centers, restaurants, grocery stores, and public transportation. Los Angeles Valley College is also nearby. Commuters have access to California State Route 170, which connects to freeways and employment hubs throughout the San Fernando Valley and Los Angeles. Hollywood Burbank Airport is also conveniently located nearby. The lot size is approximately 0.20 acres. The property size is 3930 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    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
    -118.3916526
    Latitude
    34.197673

    Nearby Similar for Sale

    • $395,000

      Established Auto Body Shop

      Auto body shop for sale in North Hollywood.
      5635 Tujunga Ave, North Hollywood, CA 91601
      View Details
    • $1,849,000
      2,700 SF

      Valley Village Medical Office Building

      Medical office building for sale in Valley Village, California.
      12849 Magnolia Blvd, Valley Village, CA 91607
      View Details
    • $875,000
      2,720 SF

      North Hollywood Triplex on Corner Lot

      Triplex in North Hollywood with strong rental demand and accessibility.
      11667 Burbank Blvd, North Hollywood, CA 91601
      View Details
    • $55,000
      1,200 SF

      Established Mechanic Shop in Valley Village

      Turn-key mechanic shop with equipment, inventory, and licenses included.
      12113 Burbank Blvd, Valley Village, CA 91607
      View Details
    • $200,000

      Established Pizza Shop in North Hollywood

      Successful pizza shop for sale in high-traffic North Hollywood location.
      12061 Strathern St, North Hollywood, CA 91605
      View Details
    • $795,000

      North Hollywood Restaurant/Bar Opportunity

      Turnkey restaurant/bar in high-traffic North Hollywood location for sale.
      11671 Victory Blvd, North Hollywood, CA 91606
      View Details
    • $4,300,000
      5,224 SF

      North Hollywood Multifamily Investment Opportunity

      8-unit apartment building in a thriving North Hollywood neighborhood.
      11414 Calvert St, North Hollywood, CA 91606
      View Details
    • New
      $2,295,000
      5,783 SF

      Luxury North Hollywood Fourplex

      Modern fourplex in North Hollywood with high-end finishes.
      6732 Irvine Ave, North Hollywood, CA 91606
      View Details
    • $1,450,000
      4,328 SF

      Valley Glen Multifamily Investment

      Well-maintained apartment building in high-demand rental market.
      6308 Coldwater Canyon Ave, North Hollywood, CA 91606
      View Details
    • $1,800,000
      4,671 SF

      West Toluca Lake Apartment Building

      Seven-unit apartment building in a desirable West Toluca Lake location.
      11001 Hortense St, West Toluca Lake, CA 91602
      View Details
    • $1,599,999
      6,052 SF

      North Hollywood Six-Unit Apartment Building

      Fully rented six-unit apartment building in a prime location.
      6651 Beck Ave, North Hollywood, CA 91606
      View Details
    • $3,495,000
      9,088 SF

      North Hollywood Fully Leased Quadruplex

      Fully leased, modern 6-unit property in North Hollywood.
      6421 Troost Ave, North Hollywood, CA 91606
      View Details

    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building in a desirable North Hollywood location.
    Where is this apartment building located?
    The property is located at 11849 Hart St North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: - Located in a high-demand rental market in North Hollywood, offering strong investment potential.; - Features five spacious 2-bedroom, 1-bathroom units, a highly desirable configuration.; - Each unit is individually metered for gas and electric, reducing owner expenses.
    (818) 381-6601
    Request Owner's contact information
    11849 Hart St North Hollywood, CA 91605
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    11849 Hart St
    North Hollywood, CA 91605
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    11849 Hart St North Hollywood, CA 91605
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    James Antonucci
    Real Estate License ID: 01822661
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!