18-Unit Apartment
For Sale
$4,275,000
11901 Valerio St, North Hollywood, CA 91605
Built in 1990, the property includes 40 parking spaces and storage units.
Property Size11,316 SF
Lot Size0.60 Acres
Price / SF$377.78
Days on Market20
Property Features for 11901 Valerio St
General Information
Standard status
Active
Size
11,316 SF
Total Parking Spaces
40
Lot size
0.60 Acres
Property subtype
Residential Income
Additional Details
Multifamily Units
18
Building Details
Year Built
1990
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
Listed By:
Shaya Lowenstein · License #01942326
(323) 944-2221
Source:
Exprealty
Added: Sep 18
Changed: Oct 4
Last Checked: Oct 7 at 12:34PM
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.
Investment Insights
Based on property information with market context.
At 11901 Valerio Street, this 18-unit apartment property in North Hollywood contains 11,316 square feet. Constructed in 1990, the building sits on an approximately 26,270-square-foot lot and includes 40 parking spaces and storage units.
Capital improvements completed in 2018 include a copper plumbing repipe and roof replacement.
Capital improvements completed in 2018 include a copper plumbing repipe and roof replacement.
Key Highlights
- 18 apartment units in an 11,316‑square‑foot building
- 40 parking spaces
- Approximately 26,270‑square‑foot lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,083
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,641,660
$3.6M
Cap Rate 7%
$2,601,186
$2.6M
Cap Rate 9%
$2,023,144
$2.0M
Market Conditions
NOI Build-Up for 11,316 SF
Gross rent
$359.8K $31.80/SF
− Vacancy
−$28.8K −$2.54/SF
EGI
$331.1K $29.26/SF
− OpEx
−$149.0K −$13.17/SF
NOI
$182.1K $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%
$3,641,660
Cap Rate 7%
$2,601,186
Cap Rate 9%
$2,023,144
Alternative Uses
Best Use
Apartment 5plus
$2.60M
$2.28M – $3.03M
NOI $182,083 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.06M
$5.30M – $7.07M
NOI $424,098 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18
Residential units
Location Intelligence
Trade Area within ½ mile
1,339
Businesses Nearby
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
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?
Apartment building - Built in 1990, the property includes 40 parking spaces and storage units.
Where is this apartment building located?
The property is located at 11901 Valerio St North Hollywood, CA.
What is the asking price?
The asking price for this property is $4,275,000.
What are key features of this property?
This property features: 18 apartment units in an 11,316‑square‑foot building; 40 parking spaces; Approximately 26,270‑square‑foot lot
