Mixed-Use Income Property with
For Sale
$1,650,000
5665 Whitnall Highway, North Hollywood, CA 91601
Mixed-use building featuring three residential units and two commercial units with ample on-site parking.
Property Size5,440 SF
Price / SF$303.31
Days on Market96
Property Features for 5665 Whitnall Highway
General Information
Standard status
Active
Size
5,440 SF
Total Parking Spaces
11
Property subtype
Residential Income
Net Operating Income
$85,905
Additional Details
Multifamily Units
3
Building Details
Year Built
1984
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
(818) 841-0330
Listed By:
Eugenia Hernandez · License #00861063
(818) 841-0330
Source:
Compass
Added: May 5
Changed: Aug 8
Last Checked: Aug 8 at 11:50AM
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 BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate
Investment Insights
Based on property information with market context.
This mixed-use income property includes three residential units and two commercial units within the same building. The offering also provides ample parking on site, supporting day-to-day tenant and customer access.
The property is located in North Hollywood, CA, and is currently occupied by tenants. Please do not disturb tenants.
For buyers looking for a combined residential and commercial setup, the layout provides separate unit types under one ownership, with parking available for the building.
The property is located in North Hollywood, CA, and is currently occupied by tenants. Please do not disturb tenants.
For buyers looking for a combined residential and commercial setup, the layout provides separate unit types under one ownership, with parking available for the building.
Key Highlights
- Mixed‑use building with 3 residential units and 2 commercial units
- Year built 1984
- Ample on‑site parking
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
$110,160
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
6.68%
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%
$2,203,200
$2.2M
Cap Rate 7%
$1,573,714
$1.6M
Cap Rate 9%
$1,224,000
$1.2M
Market Conditions
NOI Build-Up for 5,440 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
$195.8K $36.00/SF
− Vacancy
−$19.6K −$3.60/SF
EGI
$176.3K $32.40/SF
− OpEx
−$66.1K −$12.15/SF
NOI
$110.2K $20.25/SF
Area
Los Angeles County, CA
Vacancy
10.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
37.50%
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%
$2,203,200
Cap Rate 7%
$1,573,714
Cap Rate 9%
$1,224,000
Alternative Uses
Best Use
Mixed Use
$1.57M
$1.38M – $1.84M
NOI $110,160 @ 7.0% cap · market cap 6.68%
Second Best
Multifamily LT 5
$1.36M
$1.19M – $1.58M
NOI $95,002 @ 7.0% cap · market cap 5.76%
Theoretical Best
Office A
$2.91M
$2.55M – $3.40M
NOI $203,879 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,688
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?
Triplex - Mixed-use building featuring three residential units and two commercial units with ample on-site parking.
Where is this triplex located?
The property is located at 5665 Whitnall Highway North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Mixed‑use building with 3 residential units and 2 commercial units; Year built 1984; Ample on‑site parking
