Four-Unit Quadplex with
For Sale
$1,450,000
11591 Riverside Dr, North Hollywood, CA 91602
Four one-bedroom residences include refreshed interiors in three units and a private front yard.
Property Size2,794 SF
Price / SF$518.97
Days on Market37
Property Features for 11591 Riverside Dr
General Information
Standard status
Active
Size
2,794 SF
Property subtype
MULTI_FAMILY
Units
Unit Mix
4 x 1BR
Multifamily Units
4
Additional Details
Highway Access
Yes
Amenities
ample parking
manicured private front yard
Building Details
Building Size
2,794 SF
Year Built
1951
Listing Agency:
Keller Williams Realty Calabasas
(310) 466-0888
Listed By:
Alex Galuz · License #01291486
Source:
Benbelack
Added: Jun 30
Changed: Aug 5
Last Checked: Aug 5 at 4:56AM
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 Realty Calabasas
Investment Insights
Based on property information with market context.
This 2,794-square-foot quadplex, built in 1951, contains four large one-bedroom units with ample parking and a private front yard. Three residences feature updated finishes, while the property’s systems are described as being in great shape.
The property is at Riverside Drive and Colfax near Tujunga Village, just north of Ventura Boulevard. Its location provides access to Studio City dining, retail, and lifestyle amenities, along with the 101 Freeway and employment centers in Hollywood, Burbank, Universal City, and the San Fernando Valley.
The property is at Riverside Drive and Colfax near Tujunga Village, just north of Ventura Boulevard. Its location provides access to Studio City dining, retail, and lifestyle amenities, along with the 101 Freeway and employment centers in Hollywood, Burbank, Universal City, and the San Fernando Valley.
Key Highlights
- Four large one‑bedroom units
- 2,794 square feet on a 0.06‑acre lot
- Three units updated with new finishes
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $75.4k | $27.00 |
| − Vacancy | −$5.7k | −$2.05 |
| EGI | $69.7k | $24.95 |
| − OpEx | −$20.9k | −$7.48 |
| NOI | $48.8k | $17.46 |
2,794 SF · lease $27.00/SF/yr · vacancy 7.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$697.0K
$609.9K – $813.2K
NOI $48,793 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$642.3K
$562.0K – $749.3K
NOI $44,958 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,713 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,608
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four one-bedroom residences include refreshed interiors in three units and a private front yard.
Where is this quadplex located?
The property is located at 11591 Riverside Dr North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Four large one‑bedroom units; 2,794 square feet on a 0.06‑acre lot; Three units updated with new finishes
