5-Unit Apartment
For Sale
$3,175,000
5709 Auckland, North Hollywood, CA 91601
Contemporary residences feature private outdoor areas, in-unit laundry, and central HVAC.
Property Size7,947 SF
Price / SF$399.52
Days on Market17
Property Features for 5709 Auckland
General Information
Standard status
Active
Size
7,947 SF
Property subtype
MULTI_FAMILY
Occupancy
100%
Units
Unit Mix
4 x 4BR, 1 x 2BR
Multifamily Units
5
Additional Details
Cap Rate
5.94%
Public Transit
Yes
Amenities
large kitchen islands
floor-to-ceiling windows
built-in closets
central HVAC
in-unit washer and dryer
private decks and balconies
Building Details
Building Size
7,947 SF
Year Built
2024
Listing Agency:
Myunits.com Inc.
Listed By:
Cheyenne Womack · License #02064825
(805) 973-7470
Source:
Benbelack
Added: Sep 8
Changed: Sep 24
Last Checked: Sep 24 at 2:44PM
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 Myunits.com Inc.
Investment Insights
Based on property information with market context.
Completed in 2024, this 7,947-square-foot apartment property contains five residences: four four-bedroom units and one two-bedroom unit. Individual floor plans range up to 2,146 square feet. Features include kitchen islands, floor-to-ceiling windows, built-in closets, central HVAC, Samsung washers and dryers, and private decks or balconies. The property is fully leased at market rents, is not subject to rent control, and has a 5.94% real cap rate.
The building is in North Hollywood, with access to the NoHo Arts District and employment and entertainment areas in Studio City, Toluca Lake, Burbank, and Hollywood. Nearby amenities include dining, retail, Metro service, and Universal Studios, Warner Bros., and The Walt Disney Company.
The building is in North Hollywood, with access to the NoHo Arts District and employment and entertainment areas in Studio City, Toluca Lake, Burbank, and Hollywood. Nearby amenities include dining, retail, Metro service, and Universal Studios, Warner Bros., and The Walt Disney Company.
Key Highlights
- Five units: four four‑bedroom residences and one two‑bedroom residence
- 7,947 square feet; individual residences reach 2,146 square feet
- Built in 2024; 5.94% real cap rate
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
$127,874
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
4.03%
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%
$2,557,480
$2.6M
Cap Rate 7%
$1,826,771
$1.8M
Cap Rate 9%
$1,420,822
$1.4M
Market Conditions
NOI Build-Up for 7,947 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
$252.7K $31.80/SF
− Vacancy
−$20.2K −$2.54/SF
EGI
$232.5K $29.26/SF
− OpEx
−$104.6K −$13.17/SF
NOI
$127.9K $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%
$2,557,480
Cap Rate 7%
$1,826,771
Cap Rate 9%
$1,420,822
Alternative Uses
Best Use
Apartment 5plus
$1.83M
$1.60M – $2.13M
NOI $127,874 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,836 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,997
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Contemporary residences feature private outdoor areas, in-unit laundry, and central HVAC.
Where is this apartment building located?
The property is located at 5709 Auckland North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,175,000.
What are key features of this property?
This property features: Five units: four four‑bedroom residences and one two‑bedroom residence; 7,947 square feet; individual residences reach 2,146 square feet; Built in 2024; 5.94% real cap rate
