6-Unit Apartment
New
For Sale
$1,450,000
13125 Vanowen St, North Hollywood, CA 91605
Residential Income, North Hollywood, CA
Property Size4,646 SF
Lot Size0.19 Acres
Price / SF$312.10
Days on Market2
Property Features for 13125 Vanowen St
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LAR3
Bedrooms
10
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 2, Bedroom 4, Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 3, Bedroom 3, Bedroom 9, Bathroom 6, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 7, Bedroom 8, Bedroom 10
Parking
10
Parking features
Side By Side, Driveway, Assigned, Covered, Tandem, Carport
Directions
East of Fulton on Vanowen
Subdivision
North Hollywood
Standard status
Active
APN
2327-007-166
Size
4,646 SF
Lot size
0.19 Acres
Utilities
Cooling system
Wall Unit(s)
Building Details
Year built
1957
Floors in Building
2
Number of units
6
Listing Agency:
Rodeo Realty
(818) 986-7300
Listed By:
Ron Maman · License #01344010
(818) 469-7021
Added: Sep 28
Last Checked: Sep 29 at 1:06AM
MLS# 26993867
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 6-unit apartment property at 13125 Vanowen St in North Hollywood contains 4,646 square feet on a 0.1914-acre lot. Built in 1957, the building has wall-unit cooling, and several apartments have received upgrades. Each unit is assigned a parking space, with parking provided by driveway and carport areas.
The property is zoned LAR3. Additional dwelling units may be possible, subject to zoning requirements, permits, and city approval.
The property is zoned LAR3. Additional dwelling units may be possible, subject to zoning requirements, permits, and city approval.
Key Highlights
- Six‑unit apartment building with 4,646 square feet of building area
- 0.1914‑acre lot in North Hollywood
- Each unit has an assigned parking space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$74,758
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,495,160
$1.5M
Cap Rate 7%
$1,067,971
$1.1M
Cap Rate 9%
$830,644
$830.6K
Market Conditions
NOI Build-Up for 4,646 SF
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.
Gross rent
$147.7K $31.80/SF
− Vacancy
−$11.8K −$2.54/SF
EGI
$135.9K $29.26/SF
− OpEx
−$61.2K −$13.17/SF
NOI
$74.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,495,160
Cap Rate 7%
$1,067,971
Cap Rate 9%
$830,644
Alternative Uses
Best Use
Apartment 5plus
$1.07M
$934.5K – $1.25M
NOI $74,758 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,122 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,701
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Several apartments have been improved, and every unit has an assigned parking space.
Where is this apartment building located?
The property is located at 13125 Vanowen St 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: Six‑unit apartment building with 4,646 square feet of building area; 0.1914‑acre lot in North Hollywood; Each unit has an assigned parking space
