5-Unit Modern Apartment
For Sale
$3,175,000
5709 Auckland, North Hollywood, CA 91601
North Hollywood, CA
Property Size8,000 SF
Lot Size0.14 Acres
Price / SF$396.88
Days on Market52
Property Features for 5709 Auckland
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
18
Bathrooms
17
Full bathrooms
17
Rooms
Bedroom 14, Bathroom 4, Bedroom 2, Bathroom 10, Bedroom 9, Bedroom 13, Bathroom 8, Bathroom 9, Bedroom 8, Bedroom 4, Bedroom 18, Bathroom 13, Bedroom 11, Bathroom 11, Bathroom 14, Bedroom 7, Bedroom 16, Bathroom 1, Bathroom 5, Laundry Room, Bedroom 1, Bathroom 17, Bedroom 17, Bedroom 15, Bedroom 10, Bedroom 12, Bathroom 15, Bathroom 7, Kitchen, Bathroom 6, Bedroom 6, Bathroom 16, Bedroom 3, Bathroom 2, Bathroom 3, Bathroom 12, Bedroom 5
Parking
10
Interior features
Balcony, Living Room Balcony, Recessed Lighting, Open Floorplan
Appliances
Disposal, Microwave, Refrigerator, Electric Range, Electric Oven, Freezer, Dishwasher
Lot features
Landscaped, Level
Directions
Located on Corning, North of Burbank Blvd. in between Cahuenga Blvd. and Clybourn Ave.
Subdivision
NHO - North Hollywood
Standard status
Active
APN
2415025021
Lot size
0.14 Acres
Additional Details
Tenant in Place
Yes
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
in-unit washer/dryer
private deck/balcony
central HVAC
Building Details
Year built
2024
Floors in Building
3
Number of units
5
Flooring type
Laminate, Tile
Architectural style
Modern
Listing Agency:
Myunits.com Inc.
(844) 698-6487
Listed By:
Cheyenne Womack · License #02064825
(805) 973-7470
Added: Sep 8
Changed: Oct 28
Last Checked: Oct 29 at 5:06PM
MLS# BB26194694
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.
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Investment Insights
Based on property information with market context.
Completed in 2024, this five-unit apartment property offers a mix of four 4-bedroom residences and one 2-bedroom residence. Units reach up to 2,146 square feet and feature open layouts, large kitchen islands, floor-to-ceiling windows, built-in storage, central HVAC, in-unit Samsung laundry, and private decks or balconies. Modern finishes are paired with tile and laminate flooring, recessed lighting, and contemporary kitchens equipped with major appliances.
The property is located in North Hollywood near the NoHo Arts District, with access to dining, retail, Metro service, and employment centers in Studio City, Toluca Lake, Burbank, and Hollywood. Universal Studios, Warner Bros., and The Walt Disney Company are identified nearby. The asset is 100% leased at market rents, is not rent-controlled, and reports a 5.94% real cap rate. Public water and sewer serve the property, which occupies 0.1427 acres.
The property is located in North Hollywood near the NoHo Arts District, with access to dining, retail, Metro service, and employment centers in Studio City, Toluca Lake, Burbank, and Hollywood. Universal Studios, Warner Bros., and The Walt Disney Company are identified nearby. The asset is 100% leased at market rents, is not rent-controlled, and reports a 5.94% real cap rate. Public water and sewer serve the property, which occupies 0.1427 acres.
Key Highlights
- 2024‑built apartment property with 5 units
- Unit mix includes four 4‑bedroom residences and one 2‑bedroom residence
- Units range up to 2,146 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,726
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,574,520
$2.6M
Cap Rate 7%
$1,838,943
$1.8M
Cap Rate 9%
$1,430,289
$1.4M
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$254.4K $31.80/SF
− Vacancy
−$20.4K −$2.54/SF
EGI
$234.0K $29.26/SF
− OpEx
−$105.3K −$13.17/SF
NOI
$128.7K $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 Rate 5%
$2,574,520
Cap Rate 7%
$1,838,943
Cap Rate 9%
$1,430,289
Alternative Uses
Best Use
Apartment 5plus
$1.84M
$1.61M – $2.15M
NOI $128,726 @ 7.0% cap · market cap 4.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.28M
$3.75M – $5.00M
NOI $299,822 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Newer multifamily asset with oversized residences, contemporary finishes, private outdoor areas, and centralized 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: 2024‑built apartment property with 5 units; Unit mix includes four 4‑bedroom residences and one 2‑bedroom residence; Units range up to 2,146 square feet
