5-Unit Apartment
10721 Bloomfield, North Hollywood, CA 91602
For Sale
$1,700,000
Five residences are individually metered, with all tenants on month-to-month agreements.
Property Size3,971 SF
Price / SF$428.10
Days on Market174
Property Features for 10721 Bloomfield
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Regal Realty and Property Mana
Listed By:
Edvin Niazi · License CA #01306133
Source:
Brandolinogroup
Added: May 21
Changed: Nov 8
Last Checked: Nov 9 at 3:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Regal Realty and Property Mana
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Investment Insights
Based on property information with market context.
This 3,971-square-foot apartment property was built in 1970 and contains five units: two two-bedroom apartments, two one-bedroom apartments, and one studio. Copper plumbing runs throughout the building, and the roof was replaced in 2022. Each unit has its own meter.
The property is at 10721 Bloomfield in North Hollywood, California. All five tenancies are month to month.
The property is at 10721 Bloomfield in North Hollywood, California. All five tenancies are month to month.
Key Highlights
- Five units: two 2‑bedroom apartments, two 1‑bedroom apartments, and one studio
- 3,971 square feet; built in 1970
- Roof replaced in 2022
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,897
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,940
$1.3M
Cap Rate 7%
$912,814
$912.8K
Cap Rate 9%
$709,967
$710.0K
Market Conditions
NOI Build-Up for 3,971 SF
Gross rent
$126.3K $31.80/SF
− Vacancy
−$10.1K −$2.54/SF
EGI
$116.2K $29.26/SF
− OpEx
−$52.3K −$13.17/SF
NOI
$63.9K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,277,940
Cap Rate 7%
$912,814
Cap Rate 9%
$709,967
Alternative Uses
Best Use
Apartment 5plus
$912.8K
$798.7K – $1.06M
NOI $63,897 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $148,824 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,774
Businesses Nearby
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Business Placement
Demographics for 91602, CA
19,647
Population
10,791
Households
1.8
Avg Household Size
39
Median Age
55%
College-Educated
96%
High-School Grad
2.0 sq mi
ZIP Area
9,824
Density / Sq Mi
$97,994
Median Household Income
$61,134
Median Earnings
$2,186
Median Rent
$1,104,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in North Hollywood, CA
Properties on Market for Apartment buildings in North Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences are individually metered, with all tenants on month-to-month agreements.
Where is this apartment building located?
The property is located at 10721 Bloomfield North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Five units: two 2‑bedroom apartments, two 1‑bedroom apartments, and one studio; 3,971 square feet; built in 1970; Roof replaced in 2022
