7-Unit Apartment
12020 Hamlin St North Hollywood, CA 91606
12020 Hamlin St, North Hollywood, CA, 91606
$1,850,000
For Sale
$1,850,000
Well-maintained 7-unit apartment building with gated entry, carport and open parking, plus a mix of 1- and 2-bedroom units.
Property Size6,266 SF
Price / SF$295.24
Days on Market104
Property Features for 12020 Hamlin St
General Information
- Standard status
- Active
- Size
- 6,266 SF
Listing agency
JohnHart Real Estate
(323) 363-3637
Listed by
Arsen Grigoryan · License #02216049
(323) 363-3637
Source
Exprealty
Added: Apr 10 Updated: Jul 22 at 6:28AM Checked: Jul 22 at 6:28AM
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 JohnHart Real Estate
Investment Insights
Based on property information with market context.
This well-maintained 7-unit apartment building provides 6,266 square feet of living space and a unit mix of three 2-bedroom, 2-bath units and four 1-bedroom, 1-bath units. The exterior is clean and low maintenance, with a secure gated entry and a combination of carport and open parking. Several units include private patios or balconies, and the layout is designed to support privacy and natural light.
The property is situated on a corner lot with excellent frontage and curb appeal.
For buyers seeking a value-add approach, the offering is presented as having upside through modernization or strategic tenant turnover.
The property is situated on a corner lot with excellent frontage and curb appeal.
For buyers seeking a value-add approach, the offering is presented as having upside through modernization or strategic tenant turnover.
Key Highlights
- Well‑maintained 7‑unit apartment building with 6,266 SF of living space
- Unit mix includes three 2 bed, 2 bath units and four 1 bed, 1 bath units
- Secure gated entry, plus carport and open parking
Local Financial Insights For Apartment 5plus
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 | $199.3k | $31.80 |
| − Vacancy | −$15.9k | −$2.54 |
| EGI | $183.3k | $29.26 |
| − OpEx | −$82.5k | −$13.17 |
| NOI | $100.8k | $16.09 |
6,266 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.44M
$1.26M – $1.68M
NOI $100,825 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.35M
$2.94M – $3.91M
NOI $234,835 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained 7-unit apartment building with gated entry, carport and open parking, plus a mix of 1- and 2-bedroom units.
Where is this apartment building located?
The property is located at 12020 Hamlin St North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Well‑maintained 7‑unit apartment building with 6,266 SF of living space; Unit mix includes three 2 bed, 2 bath units and four 1 bed, 1 bath units; Secure gated entry, plus carport and open parking
