Four-Unit Townhome-Style
For Sale
$3,800,000
5637 - 5641 Riverton Ave, North Hollywood, CA 91601
MULTI_FAMILY - North Hollywood, CA
Property Size9,052 SF
Lot Size0.15 Acres
Price / SF$419.80
Days on Market14
Property Features for 5637 - 5641 Riverton Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR2
Bedrooms
16
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 11, Bedroom 12, Bedroom 9, Bathroom 14, Bedroom 10, Bedroom 2, Bedroom 15, Bathroom 6, Bathroom 7, Bathroom 10, Bathroom 13, Bedroom 8, Bedroom 16, Bathroom 4, Bathroom 8, Bathroom 9, Bedroom 7, Bathroom 16, Bathroom 12, Bedroom 1, Bedroom 5, Bathroom 3, Bedroom 13, Bedroom 14, Bathroom 1, Bathroom 5, Bedroom 6, Bathroom 2, Bathroom 11, Bathroom 15, Bedroom 4, Bedroom 3
Parking
8
Parking features
Garage
Directions
5637-5641 Riverton Ave, North Hollywood
Subdivision
North Hollywood
Standard status
Active
APN
2415-008-022
Size
9,052 SF
Lot size
0.15 Acres
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
secure gated entry
private attached garages
in unit laundry
drought tolerant landscaping
Building Details
Year built
2020
Floors in Building
2
Number of units
4
Listing Agency:
Keller Williams Beverly Hills · Keller Williams Realty
(310) 432-6400
Listed By:
Lenny Lerman · License #01275406
(310) 777-0011
Added: Aug 3
Changed: Aug 11
Last Checked: Aug 16 at 3:06PM
MLS# 26867321
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.
Completed in 2020, this quadplex comprises two detached duplex buildings with approximately 9,052 square feet of living area on a 0.1543-acre parcel. The four townhome-style residences provide a combined 16 bedrooms and 16 bathrooms. Interior features include open living spaces, high ceilings, recessed LED lighting, natural light, hardwood floors, custom cabinetry, and quartz kitchen counters. Each layout includes a ground-floor wet bar with a full bathroom, an upper-level primary suite, three additional bedrooms, a family room, and a private balcony.
The property is secured by a gated entry and includes private attached garages, individual HVAC systems, in-unit laundry, drought-tolerant landscaping, and separate gas, water, and electric meters. Central heating and central air conditioning serve the residences. The property is located on Riverton Ave in North Hollywood, near the NoHo Arts District, and is zoned LAR2.
The property is secured by a gated entry and includes private attached garages, individual HVAC systems, in-unit laundry, drought-tolerant landscaping, and separate gas, water, and electric meters. Central heating and central air conditioning serve the residences. The property is located on Riverton Ave in North Hollywood, near the NoHo Arts District, and is zoned LAR2.
Key Highlights
- Four residences with a combined 16 bedrooms and 16 bathrooms
- Approximately 9,052 square feet on a 0.1543‑acre lot
- Two detached duplex buildings completed in 2020
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
$158,081
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
4.16%
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%
$3,161,620
$3.2M
Cap Rate 7%
$2,258,300
$2.3M
Cap Rate 9%
$1,756,456
$1.8M
Market Conditions
NOI Build-Up for 9,052 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
$244.4K $27.00/SF
− Vacancy
−$18.6K −$2.05/SF
EGI
$225.8K $24.95/SF
− OpEx
−$67.7K −$7.48/SF
NOI
$158.1K $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%
$3,161,620
Cap Rate 7%
$2,258,300
Cap Rate 9%
$1,756,456
Alternative Uses
Best Use
Multifamily LT 5
$2.26M
$1.98M – $2.63M
NOI $158,081 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$2.08M
$1.82M – $2.43M
NOI $145,654 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$4.85M
$4.24M – $5.65M
NOI $339,248 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,279
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
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?
Quadplex - Two detached duplex structures offer spacious residences with private garages, individual HVAC, and in-unit laundry.
Where is this quadplex located?
The property is located at 5637 - 5641 Riverton Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Four residences with a combined 16 bedrooms and 16 bathrooms; Approximately 9,052 square feet on a 0.1543‑acre lot; Two detached duplex buildings completed in 2020
