10-Unit Apartment
For Sale
$4,200,000
11408 W Sarah St, North Hollywood, CA 91602
Three-story 2019 construction includes a ground-floor parking garage and elevator service to the residential floors.
Property Size9,104 SF
Lot Size0.22 Acres
Price / SF$461.34
Days on Market10
Property Features for 11408 W Sarah St
General Information
Standard status
Active
Size
9,104 SF
Elevators
Yes
Lot size
0.22 Acres
Property subtype
MULTI_FAMILY
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 3BR/2BA, 2 x 2BR/2BA, 4 x 1BR/1BA
Multifamily Units
10
Individually Metered Utilities
water
Additional Details
Asking Price
$4,200,000
Sprinkler System
Yes
Amenities
lobby
individual split-system HVAC
Building Details
Building Size
9,104 SF
Year Built
2019
Buildings
1
Stories
3
Construction
Type V
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Jake Glaser · License #02128816
(310) 230-5157
Source:
Carolinakramer
Added: Oct 28
Changed: Nov 5
Last Checked: Nov 4 at 9:21PM
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 Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
Completed in 2019, this 10-unit apartment building contains approximately 9,104 square feet of living space on a 0.22-acre lot. The unit mix comprises four 3-bedroom/2-bath units, two 2-bedroom/2-bath units, and four 1-bedroom/1-bath units; one 1-bedroom/1-bath unit is designated Very Low Income. The three-story Type V building sits above a ground-level garage and also includes a lobby and hydraulic elevator. Fire sprinklers and a fire alarm system were finaled in 2019. Individual split-system HVAC and separate water submeters serve each apartment.
The Certificate of Occupancy was issued in October 2019. The property is in Studio City near the Toluca Lake border, with Universal Studios Hollywood, Warner Bros. Studios, and Ventura Boulevard shops and dining nearby. Metro B Line service and the 101, 134, and 170 freeways connect the area with Hollywood, Burbank, and Downtown Los Angeles.
The Certificate of Occupancy was issued in October 2019. The property is in Studio City near the Toluca Lake border, with Universal Studios Hollywood, Warner Bros. Studios, and Ventura Boulevard shops and dining nearby. Metro B Line service and the 101, 134, and 170 freeways connect the area with Hollywood, Burbank, and Downtown Los Angeles.
Key Highlights
- 10 units across approximately 9,104 square feet on a 0.22‑acre lot
- Unit mix: (4) 3BR/2BA, (2) 2BR/2BA, and (4) 1BR/1BA; one 1BR/1BA unit is designated Very Low Income
- Built in 2019; Certificate of Occupancy issued in October 2019
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,491
Cap Rate
3.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,929,820
$2.9M
Cap Rate 7%
$2,092,729
$2.1M
Cap Rate 9%
$1,627,678
$1.6M
Market Conditions
NOI Build-Up for 9,104 SF
Gross rent
$289.5K $31.80/SF
− Vacancy
−$23.2K −$2.54/SF
EGI
$266.3K $29.26/SF
− OpEx
−$119.9K −$13.17/SF
NOI
$146.5K $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%
$2,929,820
Cap Rate 7%
$2,092,729
Cap Rate 9%
$1,627,678
Alternative Uses
Best Use
Apartment 5plus
$2.09M
$1.83M – $2.44M
NOI $146,491 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.87M
$4.26M – $5.69M
NOI $341,197 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
10
Residential units
Yes
Sprinkler system
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,069
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three-story 2019 construction includes a ground-floor parking garage and elevator service to the residential floors.
Where is this apartment building located?
The property is located at 11408 W Sarah St North Hollywood, CA.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 10 units across approximately 9,104 square feet on a 0.22‑acre lot; Unit mix: (4) 3BR/2BA, (2) 2BR/2BA, and (4) 1BR/1BA; one 1BR/1BA unit is designated Very Low Income; Built in 2019; Certificate of Occupancy issued in October 2019
