Triplex with Individual
For Sale
$929,000
11335 Califa St, North Hollywood, CA 91601
Three one-bedroom residences include in-unit laundry, climate control, private outdoor areas, and one vacant unit at delivery.
Property Size1,950 SF
Price / SF$476.41
Days on Market14
Property Features for 11335 Califa St
General Information
Standard status
Active
Size
1,950 SF
Property subtype
Residential Income
Units
Unit Mix
3 x 1BR/1BA
Multifamily Units
3
Amenities
washer and dryer
air conditioning
heat
stainless steel appliances
individual yards
Listing Agency:
Equity Union
(424) 600-7620
Listed By:
Peter DiVito · License #01940016
(818) 942-4262
Source:
Exprealty
Added: Aug 26
Changed: Sep 7
Last Checked: Sep 7 at 2:58PM
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 Equity Union
Investment Insights
Based on property information with market context.
This three-unit multifamily property contains three 1-bedroom, 1-bath residences totaling 1,950 square feet. Each unit includes a washer and dryer, air conditioning, heating, stainless steel appliances, and an individual yard. The property also provides off-street parking. Recent physical improvements include a freshly painted exterior, upgraded electrical panels, and a new roof on the rear house. One unit will be delivered vacant, providing flexibility for an owner-user or an investor evaluating the existing configuration.
The property is in North Hollywood, with the Noho Arts District and Noho West located nearby. Its combination of three similarly configured residences, separate outdoor areas, parking, and updated building components creates a straightforward multifamily layout in a central area.
The property is in North Hollywood, with the Noho Arts District and Noho West located nearby. Its combination of three similarly configured residences, separate outdoor areas, parking, and updated building components creates a straightforward multifamily layout in a central area.
Key Highlights
- Three 1‑bedroom, 1‑bath units totaling 1,950 square feet
- One unit delivered vacant
- Individual yards for all three residences
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
$34,054
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
3.67%
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%
$681,080
$681.1K
Cap Rate 7%
$486,486
$486.5K
Cap Rate 9%
$378,378
$378.4K
Market Conditions
NOI Build-Up for 1,950 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
$52.7K $27.00/SF
− Vacancy
−$4.0K −$2.05/SF
EGI
$48.6K $24.95/SF
− OpEx
−$14.6K −$7.48/SF
NOI
$34.1K $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%
$681,080
Cap Rate 7%
$486,486
Cap Rate 9%
$378,378
Alternative Uses
Best Use
Multifamily LT 5
$486.5K
$425.7K – $567.6K
NOI $34,054 @ 7.0% cap · market cap 3.67%
Second Best
Apartment 5plus
$448.2K
$392.2K – $523.0K
NOI $31,377 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$1.04M
$913.5K – $1.22M
NOI $73,082 @ 7.0% cap · market cap 7.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,916
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?
Triplex - Three one-bedroom residences include in-unit laundry, climate control, private outdoor areas, and one vacant unit at delivery.
Where is this triplex located?
The property is located at 11335 Califa St North Hollywood, CA.
What is the asking price?
The asking price for this property is $929,000.
What are key features of this property?
This property features: Three 1‑bedroom, 1‑bath units totaling 1,950 square feet; One unit delivered vacant; Individual yards for all three residences
