12-Unit Apartment
11936 Hart St, North Hollywood, CA 91605
For Sale
$2,350,000
Gated access, on-site parking and laundry, and individual gas and electric meters serve the resident community.
Property Size7,826 SF
Price / SF$300.28
Days on Market422
Property Features for 11936 Hart St
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Utilities to Site
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Amenities
gated parking
laundry facility
gated entry
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Realty-Studio City
Listed By:
James Antonucci · License CA #01822661
(818) 432-1513
Source:
Highend-estates
Added: Sep 15, 2025
Changed: Nov 9
Last Checked: Nov 9 at 8:06PM
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-Studio City
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Investment Insights
Based on property information with market context.
Built in 1965, this 12-unit apartment property has a mix of four bachelor units, four one-bedroom/one-bath units, and four two-bedroom/one-and-a-half-bath units. Property features include a gated entrance, on-site gated parking, and laundry facilities. Gas and electricity are separately metered for each unit.
The property is on a corner lot in North Hollywood, with access to CA-170 and I-5 nearby. Costco Business Center, Home Depot, shopping, dining, public transit, and Hollywood Burbank Airport are also identified in the surrounding area.
The property is on a corner lot in North Hollywood, with access to CA-170 and I-5 nearby. Costco Business Center, Home Depot, shopping, dining, public transit, and Hollywood Burbank Airport are also identified in the surrounding area.
Key Highlights
- 12 apartment units: 4 bachelor, 4 one‑bedroom/one‑bath, and 4 two‑bedroom/one‑and‑a‑half‑bath
- Built in 1965
- Corner lot with gated entry and on‑site gated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,927
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,518,540
$2.5M
Cap Rate 7%
$1,798,957
$1.8M
Cap Rate 9%
$1,399,189
$1.4M
Market Conditions
NOI Build-Up for 7,826 SF
Gross rent
$248.9K $31.80/SF
− Vacancy
−$19.9K −$2.54/SF
EGI
$229.0K $29.26/SF
− OpEx
−$103.0K −$13.17/SF
NOI
$125.9K $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%
$2,518,540
Cap Rate 7%
$1,798,957
Cap Rate 9%
$1,399,189
Alternative Uses
Best Use
Apartment 5plus
$1.80M
$1.57M – $2.10M
NOI $125,927 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.19M
$3.67M – $4.89M
NOI $293,301 @ 7.0% cap · market cap 12.48%
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
Open Analytics
Lease Details
12
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,561
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
$729,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Gated access, on-site parking and laundry, and individual gas and electric meters serve the resident community.
Where is this apartment building located?
The property is located at 11936 Hart St North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: 12 apartment units: 4 bachelor, 4 one‑bedroom/one‑bath, and 4 two‑bedroom/one‑and‑a‑half‑bath; Built in 1965; Corner lot with gated entry and on‑site gated parking
