6-Unit Apartment
11451 W Victory Boulevard, North Hollywood, CA 91606
For Sale
$3,199,000
Three three-story duplex-style buildings offer in-unit laundry, central air conditioning, and individual utility metering.
Property Size6,462 SF
Price / SF$495.05
Days on Market16
Property Features for 11451 W Victory Boulevard
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
gated
stove
microwave
refrigerator
in-unit washer and dryer
central air conditioning
Laminate,Tile
1
true
No Common Walls
3
Inside
0-1 Unit/Acre
false
Public
7745
12
0.1778
Assessor
Carport
6462
6
5
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
OPTION ONE REALTY & INVESTMENT
(626) 825-7325
Listed By:
Jaime Ruiz · License CA #01415230
(626) 974-0147
Source:
Larryparent
Added: Oct 26
Changed: Nov 8
Last Checked: Nov 9 at 5:23PM
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 OPTION ONE REALTY & INVESTMENT
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Investment Insights
Based on property information with market context.
Built in 2024, this six-unit apartment property comprises three three-story buildings arranged in duplex-style layouts. The residences total 6,462 square feet and include one 4-bedroom/4-bathroom unit, one 2-bedroom/2-bathroom unit, and four 3-bedroom/2-bathroom units. Each has an open-concept layout, waterproof vinyl flooring, a stove, microwave, refrigerator, washer and dryer, and central air conditioning. Gas, water, and electricity are separately metered for each residence. The gated property also has on-site parking.
The property is at 11451 W Victory Boulevard in North Hollywood, California, near shopping, dining, and entertainment. It is zoned LAR3.
The property is at 11451 W Victory Boulevard in North Hollywood, California, near shopping, dining, and entertainment. It is zoned LAR3.
Key Highlights
- Six units across three three‑story, duplex‑style buildings
- 6,462 square feet total
- Unit mix: one 4‑bedroom/4‑bathroom, one 2‑bedroom/2‑bathroom, and four 3‑bedroom/2‑bathroom residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$103,979
Cap Rate
3.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,079,580
$2.1M
Cap Rate 7%
$1,485,414
$1.5M
Cap Rate 9%
$1,155,322
$1.2M
Market Conditions
NOI Build-Up for 6,462 SF
Gross rent
$205.5K $31.80/SF
− Vacancy
−$16.4K −$2.54/SF
EGI
$189.1K $29.26/SF
− OpEx
−$85.1K −$13.17/SF
NOI
$104.0K $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%
$2,079,580
Cap Rate 7%
$1,485,414
Cap Rate 9%
$1,155,322
Alternative Uses
Best Use
Apartment 5plus
$1.49M
$1.30M – $1.73M
NOI $103,979 @ 7.0% cap · market cap 3.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.46M
$3.03M – $4.04M
NOI $242,181 @ 7.0% cap · market cap 7.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,530
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
$801,300
Median Home Value
Market
Average Price Trend$/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 - Three three-story duplex-style buildings offer in-unit laundry, central air conditioning, and individual utility metering.
Where is this apartment building located?
The property is located at 11451 W Victory Boulevard North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: Six units across three three‑story, duplex‑style buildings; 6,462 square feet total; Unit mix: one 4‑bedroom/4‑bathroom, one 2‑bedroom/2‑bathroom, and four 3‑bedroom/2‑bathroom residences
