Townhome-Style Apartment
For Sale
$8,995,000
5330 Satsuma Ave, North Hollywood, CA 91601
Multi-level residences include private laundry appliances and on-site storage units.
Property Size22,880 SF
Days on Market155
Property Features for 5330 Satsuma Ave
General Information
Standard status
Active
Size
22,880 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
22,880 SF
Year Built
2005
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
(310) 883-7070
Listed By:
Michael Monempour
Source:
Milsteinestates
Added: Mar 30
Changed: Aug 29
Last Checked: Aug 29 at 5:10PM
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.
Completed in 2005, this apartment property contains 20 multi-level, townhome-style residences. The unit mix includes fifteen two-bedroom, 2.5-bath homes and five three-bedroom, 2.5-bath homes. Each residence includes an in-unit washer and dryer, while 20 on-site storage units provide additional amenity space and revenue potential.
The property is located near the NoHo Arts District in North Hollywood, with a Walk Score of 89 and access to dining, retail, and entertainment offerings. Its residential format and individual unit layouts distinguish it from conventional apartment configurations while retaining the scale of a 20-unit multifamily asset.
The property is located near the NoHo Arts District in North Hollywood, with a Walk Score of 89 and access to dining, retail, and entertainment offerings. Its residential format and individual unit layouts distinguish it from conventional apartment configurations while retaining the scale of a 20-unit multifamily asset.
Key Highlights
- 20 residences completed in 2005
- Unit mix includes fifteen two‑bedroom and five three‑bedroom residences
- All units feature 2.5 baths and an in‑unit washer and dryer
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
$368,158
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
4.09%
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%
$7,363,160
$7.4M
Cap Rate 7%
$5,259,400
$5.3M
Cap Rate 9%
$4,090,644
$4.1M
Market Conditions
NOI Build-Up for 22,880 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
$727.6K $31.80/SF
− Vacancy
−$58.2K −$2.54/SF
EGI
$669.4K $29.26/SF
− OpEx
−$301.2K −$13.17/SF
NOI
$368.2K $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%
$7,363,160
Cap Rate 7%
$5,259,400
Cap Rate 9%
$4,090,644
Alternative Uses
Best Use
Apartment 5plus
$5.26M
$4.60M – $6.14M
NOI $368,158 @ 7.0% cap · market cap 4.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.25M
$10.72M – $14.29M
NOI $857,490 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,389
Businesses Nearby
Explore this area
Business Placement
Demographics for 91601, CA
39,429
Population
20,539
Households
1.9
Avg Household Size
35
Median Age
51%
College-Educated
89%
High-School Grad
2.6 sq mi
ZIP Area
15,165
Density / Sq Mi
$77,540
Median Household Income
$48,907
Median Earnings
$2,115
Median Rent
$961,700
Median Home Value
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 - Multi-level residences include private laundry appliances and on-site storage units.
Where is this apartment building located?
The property is located at 5330 Satsuma Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: 20 residences completed in 2005; Unit mix includes fifteen two‑bedroom and five three‑bedroom residences; All units feature 2.5 baths and an in‑unit washer and dryer
