Newer Construction
For Sale
$3,800,000
5637 - 5641 Riverton Ave, North Hollywood, CA 91601
Four townhome-style residences offer gated access, private garages, individual HVAC, and in-unit laundry.
Property Size9,052 SF
Lot Size0.31 Acres
Price / SF$419.80
Days on Market14
Property Features for 5637 - 5641 Riverton Ave
General Information
Standard status
Active
Size
9,052 SF
Lot size
0.31 Acres
Property subtype
MULTI_FAMILY
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
4 x 4BR/4BA
Multifamily Units
4
Amenities
in-unit laundry
private attached garages
gated entry
drought tolerant landscaping
Building Details
Building Size
9,052 SF
Year Built
2020
Buildings
2
Listing Agency:
Keller Williams Beverly Hills
(310) 777-0011
Listed By:
Lenny Lerman · License #01275406
Source:
Benbelack
Added: Aug 3
Changed: Aug 16
Last Checked: Aug 16 at 7:01AM
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 Keller Williams Beverly Hills
Investment Insights
Based on property information with market context.
Built in 2020, this quadplex comprises two detached duplexes with four townhome-style residences. The property provides approximately 9,052 square feet of living space on a 13,440 square foot lot, with 16 bedrooms and 16 bathrooms in total. Each residence includes an open living area, high ceilings, recessed LED lighting, hardwood floors, a kitchen with custom cabinetry and quartz countertops, and a private attached garage.
Individual layouts include a ground-level wet bar and full bathroom, an upper-level primary suite, three additional bedrooms, a family room, and a private balcony. Separate gas, water, and electric meters, individual HVAC systems, in-unit laundry, secure gated entry, and drought-tolerant landscaping support the property's configuration. The asset is located on Riverton Ave in North Hollywood, near the NoHo Arts District.
Individual layouts include a ground-level wet bar and full bathroom, an upper-level primary suite, three additional bedrooms, a family room, and a private balcony. Separate gas, water, and electric meters, individual HVAC systems, in-unit laundry, secure gated entry, and drought-tolerant landscaping support the property's configuration. The asset is located on Riverton Ave in North Hollywood, near the NoHo Arts District.
Key Highlights
- Two detached duplexes create four townhome‑style residences
- Approximately 9,052 square feet on a 13,440 square foot lot
- 16 bedrooms and 16 bathrooms across the property
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
$158,081
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
4.16%
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%
$3,161,620
$3.2M
Cap Rate 7%
$2,258,300
$2.3M
Cap Rate 9%
$1,756,456
$1.8M
Market Conditions
NOI Build-Up for 9,052 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
$244.4K $27.00/SF
− Vacancy
−$18.6K −$2.05/SF
EGI
$225.8K $24.95/SF
− OpEx
−$67.7K −$7.48/SF
NOI
$158.1K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
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%
$3,161,620
Cap Rate 7%
$2,258,300
Cap Rate 9%
$1,756,456
Alternative Uses
Best Use
Multifamily LT 5
$2.26M
$1.98M – $2.63M
NOI $158,081 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$2.08M
$1.82M – $2.43M
NOI $145,654 @ 7.0% cap · market cap 3.83%
Theoretical Best
Office A
$4.85M
$4.24M – $5.65M
NOI $339,248 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,279
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?
Quadplex - Four townhome-style residences offer gated access, private garages, individual HVAC, and in-unit laundry.
Where is this quadplex located?
The property is located at 5637 - 5641 Riverton Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: Two detached duplexes create four townhome‑style residences; Approximately 9,052 square feet on a 13,440 square foot lot; 16 bedrooms and 16 bathrooms across the property
