Duplex with RTI
New
For Sale
$975,000
11202 Oxnard St, North Hollywood, CA 91606
Tenant-occupied duplex on a corner lot with approved plans for a five-unit residential development.
Property Size1,725 SF
Lot Size0.16 Acres
Price / SF$565.22
Days on Market5
Property Features for 11202 Oxnard St
General Information
Standard status
Active
Size
1,725 SF
Lot size
0.16 Acres
Property subtype
Multi-Family
Zoning
RD2
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1950
Listing Agency:
Keller Williams Beverly Hills
(310) 651-1800
Listed By:
Daniel Shamooelian · License #01984269
Source:
Landonrealtygroup
Added: Aug 28
Changed: Aug 30
Last Checked: Aug 31 at 6:21PM
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 Keller Williams Beverly Hills
Investment Insights
Based on property information with market context.
The property currently comprises a tenant-occupied duplex built in 1950, with 1,725 square feet on a flat 7,065-square-foot corner lot. The site is zoned RD2 and includes approved RTI plans for a new three-story triplex accompanied by two detached ADUs. The proposed five-unit configuration totals 8,174 square feet and includes two 2-bedroom/2-bath units, one 3-bedroom/3-bath unit, and two 4-bedroom/3-bath units.
The property is approximately one mile from the NOHO Arts District and NOHO West Shopping Complex, placing dining, retail, entertainment, and transportation options within the surrounding area. RTI plans are available for review, along with property reports and additional project details.
The property is approximately one mile from the NOHO Arts District and NOHO West Shopping Complex, placing dining, retail, entertainment, and transportation options within the surrounding area. RTI plans are available for review, along with property reports and additional project details.
Key Highlights
- Approved RTI plans for a three‑story triplex plus two detached ADUs
- Proposed five‑unit project totaling 8,174 square feet
- Unit mix includes two 2‑bedroom/2‑bath, one 3‑bedroom/3‑bath, and two 4‑bedroom/3‑bath 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
$30,125
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
3.09%
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%
$602,500
$602.5K
Cap Rate 7%
$430,357
$430.4K
Cap Rate 9%
$334,722
$334.7K
Market Conditions
NOI Build-Up for 1,725 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
$46.6K $27.00/SF
− Vacancy
−$3.5K −$2.05/SF
EGI
$43.0K $24.95/SF
− OpEx
−$12.9K −$7.48/SF
NOI
$30.1K $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%
$602,500
Cap Rate 7%
$430,357
Cap Rate 9%
$334,722
Alternative Uses
Best Use
Multifamily LT 5
$430.4K
$376.6K – $502.1K
NOI $30,125 @ 7.0% cap · market cap 3.09%
Second Best
Apartment 5plus
$396.5K
$347.0K – $462.6K
NOI $27,757 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$923.6K
$808.1K – $1.08M
NOI $64,649 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,872
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
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?
Duplex - Tenant-occupied duplex on a corner lot with approved plans for a five-unit residential development.
Where is this duplex located?
The property is located at 11202 Oxnard St North Hollywood, CA.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Approved RTI plans for a three‑story triplex plus two detached ADUs; Proposed five‑unit project totaling 8,174 square feet; Unit mix includes two 2‑bedroom/2‑bath, one 3‑bedroom/3‑bath, and two 4‑bedroom/3‑bath units
