11-Unit Apartment
11341 Victory Boulevard, North Hollywood, CA 91606
For Sale
$3,350,000
Residents have access to a shared courtyard, community laundry, and gated entry.
Property Size7,030 SF
Lot Size0.28 Acres
Price / SF$476.53
Days on Market16
Property Features for 11341 Victory Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Public Transit
Additional Details
Multifamily Units
Amenities
secure gated entrance
welcoming courtyard
community laundry facilities
1
true
1 Common Wall
2
Common Area
Front Yard,Near Public Transit
false
Public
11988
11
0.2752
Assessor
Attached Carport,Covered,Uncovered
7030
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Keller Williams R. E. Services
(818) 427-1345
Listed By:
Tamar Hacikian
Source:
Larryparent
Added: Oct 26
Changed: Nov 7
Last Checked: Nov 9 at 4:18PM
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 R. E. Services
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Investment Insights
Based on property information with market context.
This 11-unit apartment property contains 7,030 square feet on an 11,988-square-foot parcel. Built in 1977, the building has a gated entrance, a resident courtyard, and shared laundry facilities. Parking includes attached carport spaces, along with covered and uncovered options.
The property is on Victory Boulevard in North Hollywood, with connections to the 101, 170, and 5 freeways. Shopping, dining, public transit, North Hollywood Park, the NOHO Arts District, and Burbank Airport are among the surrounding destinations.
The property is on Victory Boulevard in North Hollywood, with connections to the 101, 170, and 5 freeways. Shopping, dining, public transit, North Hollywood Park, the NOHO Arts District, and Burbank Airport are among the surrounding destinations.
Key Highlights
- 11 apartments in 7,030 square feet
- 11,988‑square‑foot parcel
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,118
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,262,360
$2.3M
Cap Rate 7%
$1,615,971
$1.6M
Cap Rate 9%
$1,256,867
$1.3M
Market Conditions
NOI Build-Up for 7,030 SF
Gross rent
$223.6K $31.80/SF
− Vacancy
−$17.9K −$2.54/SF
EGI
$205.7K $29.26/SF
− OpEx
−$92.6K −$13.17/SF
NOI
$113.1K $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%
$2,262,360
Cap Rate 7%
$1,615,971
Cap Rate 9%
$1,256,867
Alternative Uses
Best Use
Apartment 5plus
$1.62M
$1.41M – $1.89M
NOI $113,118 @ 7.0% cap · market cap 3.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.76M
$3.29M – $4.39M
NOI $263,468 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
11
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,602
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
$801,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/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 - Residents have access to a shared courtyard, community laundry, and gated entry.
Where is this apartment building located?
The property is located at 11341 Victory Boulevard North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,350,000.
What are key features of this property?
This property features: 11 apartments in 7,030 square feet; 11,988‑square‑foot parcel; Built in 1977
