North Hollywood Industrial/Warehouse
For Sale
$2,100,000
5447 Satsuma Ave, North Hollywood, CA 91601
5,000 SF industrial/warehouse building in a strategic North Hollywood location.
Property Size5,000 SF
Price / SF$420
Days on Market274
Property Features for 5447 Satsuma Ave
General Information
Standard status
Active
Size
5,000 SF
Class
C
Property subtype
Industrial
Building Details
Building Size
5,000 SF
Year Built
1964
Listing Agency:
(818) 276-5678
Listed By:
Dean Kinan · License #CalDRE #02051348
(818) 276-5678
Source:
Naiglobal
Added: Nov 22, 2025
Changed: Aug 18
Last Checked: Aug 23 at 3:47AM
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 Dean Kinan
Investment Insights
Based on property information with market context.
Located in North Hollywood, CA, this property offers a 5,000 SF building suitable for industrial, warehouse, and distribution purposes. Constructed in 1964, the property is zoned MR2-1VL, creating a favorable framework for industrial, warehouse, and distribution operations. The location provides convenient access to major transportation routes and the NoHo Arts District, Universal Studios Hollywood, and the Hollywood Burbank Airport. This property is suited for establishing or expanding an industrial, warehouse, or distribution presence.
Key Highlights
- Strategic North Hollywood location
- Zoned MR2‑1VL, favorable for industrial, warehouse, and distribution operations
- 5,000 SF building
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
$65,060
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
3.10%
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%
$1,301,200
$1.3M
Cap Rate 7%
$929,429
$929.4K
Cap Rate 9%
$722,889
$722.9K
Market Conditions
NOI Build-Up for 5,000 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
$80.4K $16.08/SF
− Vacancy
−$3.9K −$0.77/SF
EGI
$76.5K $15.31/SF
− OpEx
−$11.5K −$2.30/SF
NOI
$65.1K $13.01/SF
Area
Los Angeles County, CA
Vacancy
4.80%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,301,200
Cap Rate 7%
$929,429
Cap Rate 9%
$722,889
Alternative Uses
Best Use
Warehouse
$929.4K
$813.3K – $1.08M
NOI $65,060 @ 7.0% cap · market cap 3.10%
Second Best
Industrial
$834.7K
$730.4K – $973.8K
NOI $58,430 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,389 @ 7.0% cap · market cap 8.92%
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
Under-served
Demand for This Use
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 Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 5,000 SF industrial/warehouse building in a strategic North Hollywood location.
Where is this warehouse located?
The property is located at 5447 Satsuma Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Strategic North Hollywood location; Zoned MR2‑1VL, favorable for industrial, warehouse, and distribution operations; 5,000 SF building
