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 Market129
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 Studio City
Listed By:
Alex Galuz · License #01291486
(310) 466-0888
Source:
Benbelack
Added: Jun 30
Changed: Oct 31
Last Checked: Nov 4 at 9:38PM
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 Studio City
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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
Estimated NOI and Cap Rate
NOI / Yr
$48,793
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$975,860
$975.9K
Cap Rate 7%
$697,043
$697.0K
Cap Rate 9%
$542,144
$542.1K
Market Conditions
NOI Build-Up for 2,794 SF
Gross rent
$75.4K $27.00/SF
− Vacancy
−$5.7K −$2.05/SF
EGI
$69.7K $24.95/SF
− OpEx
−$20.9K −$7.48/SF
NOI
$48.8K $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 Rate 5%
$975,860
Cap Rate 7%
$697,043
Cap Rate 9%
$542,144
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,478
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?
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
