5-Unit Apartment Building with
12408 Archwood, North Hollywood, CA 91606
For Sale
$1,600,000
A varied bedroom mix includes renovated residences, central air conditioning, rear carport parking, and attached laundry.
Property Size4,600 SF
Lot Size0.15 Acres
Price / SF$347.83
Days on Market161
Property Features for 12408 Archwood
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Amenities
carport
on-site laundry
Listing Agency:
Seven Gables Real Estate
Listed By:
JP Park · License CA #01237713
(714) 313-4224
Source:
Findhomesinsandiegoarea
Added: Jun 3
Changed: Nov 8
Last Checked: Nov 8 at 7:04AM
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 Seven Gables Real Estate
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains approximately 4,600 square feet of living area on a 6,566-square-foot lot. The unit mix comprises one 3-bedroom, 2-bath home, two 2-bedroom, 1-bath units, and two 1-bedroom, 1-bath units. Three residences are vacant. The single-story home has been rebuilt and renovated, with central air conditioning. One unit in each of the two smaller bedroom categories has received a new kitchen and appliances, new flooring, and fresh interior paint. Rear carport parking and attached on-site laundry are also included.
The property is across from Rhodes Avenue Park and near Valley College, the NoHo Arts District, shopping, dining, public transportation, and major freeway access.
The property is across from Rhodes Avenue Park and near Valley College, the NoHo Arts District, shopping, dining, public transportation, and major freeway access.
Key Highlights
- Five units totaling approximately 4,600 square feet of living area on a 6,566‑square‑foot lot
- Unit mix: one 3‑bedroom, 2‑bath home; two 2‑bedroom, 1‑bath units; and two 1‑bedroom, 1‑bath units
- Three vacant units, including a rebuilt single‑story 3‑bedroom, 2‑bath home with central A/C
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,018
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,480,360
$1.5M
Cap Rate 7%
$1,057,400
$1.1M
Cap Rate 9%
$822,422
$822.4K
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$146.3K $31.80/SF
− Vacancy
−$11.7K −$2.54/SF
EGI
$134.6K $29.26/SF
− OpEx
−$60.6K −$13.17/SF
NOI
$74.0K $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%
$1,480,360
Cap Rate 7%
$1,057,400
Cap Rate 9%
$822,422
Alternative Uses
Best Use
Apartment 5plus
$1.06M
$925.2K – $1.23M
NOI $74,018 @ 7.0% cap · market cap 4.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $172,398 @ 7.0% cap · market cap 10.77%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
Median Home Value
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Market
Average Price Trend$/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 - A varied bedroom mix includes renovated residences, central air conditioning, rear carport parking, and attached laundry.
Where is this apartment building located?
The property is located at 12408 Archwood North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Five units totaling approximately 4,600 square feet of living area on a 6,566‑square‑foot lot; Unit mix: one 3‑bedroom, 2‑bath home; two 2‑bedroom, 1‑bath units; and two 1‑bedroom, 1‑bath units; Three vacant units, including a rebuilt single‑story 3‑bedroom, 2‑bath home with central A/C
