Updated Four-Unit
For Sale
$1,450,000
11591 Riverside Dr, North Hollywood, CA 91602
Residential Income, North Hollywood, CA
Property Size2,794 SF
Lot Size0.15 Acres
Price / SF$518.97
Days on Market106
Property Features for 11591 Riverside Dr
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR3
Bedrooms
4
Bathrooms
4
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 4
Parking
4
Parking features
Covered
Directions
Riverside and Colfax
Subdivision
Valley Village
Standard status
Active
APN
2354-011-033
Size
2,794 SF
Lot size
0.15 Acres
Utilities
Cooling system
Wall/Window Unit(s), Heat Pump
Building Details
Year built
1951
Floors in Building
2
Number of units
4
Listing Agency:
Keller Williams Studio City · Keller Williams Realty
(818) 432-1500
Listed By:
Alex Galuz · License #01291486
(310) 466-0888
Added: Jun 30
Changed: Oct 12
Last Checked: Oct 13 at 3:06PM
MLS# 26854173
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,794-square-foot quadplex contains four one-bedroom apartments. Three units have updated interior finishes, and the property includes covered parking and a landscaped private front yard. Built in 1951, the building sits on a 0.1492-acre parcel and is zoned LAR3.
The property is at Riverside Drive and Colfax Avenue, near Tujunga Village and north of Ventura Boulevard. Studio City dining and retail amenities are nearby, and the 101 Freeway provides access toward Hollywood, Burbank, Universal City, and the San Fernando Valley.
The property is at Riverside Drive and Colfax Avenue, near Tujunga Village and north of Ventura Boulevard. Studio City dining and retail amenities are nearby, and the 101 Freeway provides access toward Hollywood, Burbank, Universal City, and the San Fernando Valley.
Key Highlights
- Four one‑bedroom apartments in a 2,794‑square‑foot building
- Three units feature updated interior finishes
- 0.1492‑acre parcel with LAR3 zoning
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
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Current Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Three apartments have refreshed interior finishes, with covered parking serving the property.
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 one‑bedroom apartments in a 2,794‑square‑foot building; Three units feature updated interior finishes; 0.1492‑acre parcel with LAR3 zoning
