Updated Quadplex with
For Sale
$1,050,000
5841 Tujunga Avenue, North Hollywood, CA 91601
MULTI_FAMILY - North Hollywood, CA
Property Size2,890 SF
Lot Size0.17 Acres
Price / SF$363.32
Days on Market361
Property Features for 5841 Tujunga Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 4, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 3
Subdivision
NHO - North Hollywood
Special listing conditions
In Foreclosure
Standard status
Active
APN
2338013023
Size
2,890 SF
Lot size
0.17 Acres
Building Details
Year built
1941
Floors in Building
1
Flooring type
Tile - Stone, Laminate, Tile - Ceramic
Listing Agency:
Brent Andrew Hawker Broker
(805) 304-2996
Listed By:
Brent A Hawker · License #01424417
(805) 304-2996
Added: Sep 4, 2025
Changed: Aug 14
Last Checked: Aug 30 at 4:06PM
MLS# 225004537
Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. 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.
This four-unit residential income property at 5841 Tujunga Avenue includes 2,890 square feet across a 0.1734-acre lot and was built in 1941. Major building improvements include a newer roof, copper plumbing, electrical updates, newer meters, recessed LED lighting, flooring updates, bathroom renovations, and newer air-conditioning units. Select units also have dual-pane windows, while some kitchens still need cabinet updates.
Each unit is currently leased on a month-to-month basis. Rear parking and garages serve the property. Tenants cover operating costs including water, while the owner remains responsible for property taxes, according to the provided information. The property is located in North Hollywood, California, near Studio City and its dining and shopping amenities.
Each unit is currently leased on a month-to-month basis. Rear parking and garages serve the property. Tenants cover operating costs including water, while the owner remains responsible for property taxes, according to the provided information. The property is located in North Hollywood, California, near Studio City and its dining and shopping amenities.
Key Highlights
- Four‑unit property with 2,890 square feet on a 0.1734‑acre lot
- Newer roof, copper plumbing, electrical, meters, and air‑conditioning units
- Recessed LED lighting and newer flooring installed throughout all units
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
$50,470
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
4.81%
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%
$1,009,400
$1.0M
Cap Rate 7%
$721,000
$721.0K
Cap Rate 9%
$560,778
$560.8K
Market Conditions
NOI Build-Up for 2,890 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
$78.0K $27.00/SF
− Vacancy
−$5.9K −$2.05/SF
EGI
$72.1K $24.95/SF
− OpEx
−$21.6K −$7.48/SF
NOI
$50.5K $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%
$1,009,400
Cap Rate 7%
$721,000
Cap Rate 9%
$560,778
Alternative Uses
Best Use
Multifamily LT 5
$721.0K
$630.9K – $841.2K
NOI $50,470 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$664.3K
$581.3K – $775.0K
NOI $46,502 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,311 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,906
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 - Four-unit property with renovated interiors, upgraded building systems, and rear parking with garages.
Where is this quadplex located?
The property is located at 5841 Tujunga Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Four‑unit property with 2,890 square feet on a 0.1734‑acre lot; Newer roof, copper plumbing, electrical, meters, and air‑conditioning units; Recessed LED lighting and newer flooring installed throughout all units
