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    Newer-Construction Quadplex Townhomes Title is generated by Realmo AI

    5627 Riverton Avenue, North Hollywood, CA 91601

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    For Sale
    $3,290,000

    Quadruplex - North Hollywood, CA

    Type:Quadruplex
    Property size:
    6,170 SF
    Lot size:
    9,690.00 Acres
    Price / SF:
    $533/SF
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 10:06 pm

    Property Features for 5627 Riverton Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Quadruplex
    Bedrooms
    14
    Bathrooms
    12
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Parking
    6
    Parking features
    Assigned
    Window features
    Double Pane Windows
    Interior features
    Quartz Counters, Recessed Lighting, Mirror Closet Door(s), Carbon Monoxide Detector(s), Window Features: Double Pane Windows, Screens
    Exterior features
    Fence, Community Features Included: Street Lights, Sidewalks, Landscaped, Sprinkler System, Back Yard, Yard
    Fencing
    Fenced
    Appliances
    Dishwasher, Freezer, Garbage Disposer, Microwave, Oven - Gas, Refrigerator, Washer
    Standard status
    Active
    APN
    2415008007
    Size
    6,170 SF
    Lot size
    9,690.00 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Shushan Lily Mikayelyan

    Listing agent Shushan Lily Mikayelyan License #02248243

    Listing office Pinnacle Estate Properties 20065 Rinaldi St., Porter Ranch, CA

    Listing date Jun 3, 2026

    MLS# SR26118465 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Four‑unit townhome development completed in 2023 at 5627 Riverton Ave
    • Central heating and central air for each residence
    • Designer kitchens with quartz counters and included stainless steel appliances (dishwasher, microwave, gas oven, refrigerator, washer)
    • Double pane windows, recessed lighting, and carbon monoxide detectors
    • Fenced, secured‑gated property with landscaped yards and sprinkler system
    • Assigned parking with six dedicated spaces, including two assigned spots for each townhome

    Overview

    Introducing 5627 Riverton Avenue, a newer-construction four-unit townhome development completed in 2023. The property features bright, open-concept living areas with oversized windows, along with designer kitchens including custom cabinetry, quartz countertops, and stainless steel appliances. Each residence is configured for comfortable, modern living with high ceilings and premium finishes. The community is securely gated and provides parking designed around the individual units, including six dedicated spaces total.

    The property is located in North Hollywood within Los Angeles County. It sits adjacent to a single-family neighborhood, offering a residential feel, while remaining near NoHo West Shopping Center and transit options including Metro and Metrolink. The area also provides access to the 101, 134, and 170 freeways for regional commuting.

    This quadplex offering is well suited for buyers seeking a recently completed, four-unit residential income property with a contemporary layout and dedicated parking. The gated design and unit-focused parking count make it practical for tenant move-ins and day-to-day use, while the townhouse-style configuration provides a more owner-occupied look and feel within a small multi-family setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3660624
    Latitude
    34.1728016

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    FAQs

    What type of property is this?
    Quadplex - Four modern townhome residences completed in 2023 with gated access and six dedicated parking spaces.
    Where is this quadplex located?
    The property is located at 5627 Riverton Avenue North Hollywood, CA.
    What is the asking price?
    The asking price for this property is $3,290,000.
    What are key features of this property?
    This property features: Four‑unit townhome development completed in 2023 at 5627 Riverton Ave; Central heating and central air for each residence; Designer kitchens with quartz counters and included stainless steel appliances (dishwasher, microwave, gas oven, refrigerator, washer)
    (818) 925-4555
    We can help!
    Listing Contact
    Shushan Lily Mikayelyan
    Real Estate License ID: 02248243
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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