14-Unit Apartment
For Sale
Contact for pricing
5712 Camellia Ave, North Hollywood, CA 91601
Apartment property with central air conditioning and heating, plus select private balconies and fireplaces.
Property Size15,200 SF
Lot Size0.26 Acres
Price / SF$282.57
Days on Market146
Property Features for 5712 Camellia Ave
General Information
Standard status
Active
Size
15,200 SF
Net Rentable
15,200 SF
Class
A
Lot size
0.26 Acres
Property subtype
Multifamily
Zoning
LAR3
Occupancy
86%
Net Operating Income
$195,028
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
4 x 1BR/1BA, 10 x 2BR/2BA
Multifamily Units
14
Additional Details
Cap Rate
4.54%
Amenities
central air conditioning and heating
private balconies
fireplaces
Building Details
Year Built
1989
Buildings
1
Stories
3
Units
14
Listing Agency:
Marcus & Millichap - Los Angeles
(818) 943-2319
Listed By:
Michael Sterman · License #CA 01911703
Source:
Crexi
Added: Apr 7
Changed: Aug 29
Last Checked: Apr 8 at 8:17PM
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 Marcus & Millichap - Los Angeles
Investment Insights
Based on property information with market context.
This 14-unit apartment building was constructed in 1989 and contains approximately 15,200 square feet of rentable area on an approximately 11,252-square-foot lot. The unit mix includes four one-bedroom, one-bath residences and ten two-bedroom, two-bath residences. Central air conditioning and heating serve every unit, while select residences feature private balconies and fireplaces.
Located at 5712 Camellia Ave in North Hollywood, the property is near the NoHo Arts District, with access to dining, retail, entertainment, and the Metro B Line (Red Line). The 101 and 170 freeways provide connections to employment centers across the San Fernando Valley and Greater Los Angeles. The building is not subject to the Los Angeles Rent Stabilization Ordinance, providing an operational characteristic relevant to multifamily ownership.
Located at 5712 Camellia Ave in North Hollywood, the property is near the NoHo Arts District, with access to dining, retail, entertainment, and the Metro B Line (Red Line). The 101 and 170 freeways provide connections to employment centers across the San Fernando Valley and Greater Los Angeles. The building is not subject to the Los Angeles Rent Stabilization Ordinance, providing an operational characteristic relevant to multifamily ownership.
Key Highlights
- 14‑unit apartment building constructed in 1989
- Approximately 15,200 square feet of rentable area on an approximately 11,252‑square‑foot lot
- Unit mix includes four 1‑bedroom/1‑bath and ten 2‑bedroom/2‑bath units
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
$244,580
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
5.69%
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%
$4,891,600
$4.9M
Cap Rate 7%
$3,494,000
$3.5M
Cap Rate 9%
$2,717,556
$2.7M
Market Conditions
NOI Build-Up for 15,200 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
$483.4K $31.80/SF
− Vacancy
−$38.7K −$2.54/SF
EGI
$444.7K $29.26/SF
− OpEx
−$200.1K −$13.17/SF
NOI
$244.6K $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%
$4,891,600
Cap Rate 7%
$3,494,000
Cap Rate 9%
$2,717,556
Alternative Uses
Best Use
Apartment 5plus
$3.49M
$3.06M – $4.08M
NOI $244,580 @ 7.0% cap · market cap 5.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.14M
$7.12M – $9.49M
NOI $569,661 @ 7.0% cap · market cap 13.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,033
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?
Apartment building - Apartment property with central air conditioning and heating, plus select private balconies and fireplaces.
Where is this apartment building located?
The property is located at 5712 Camellia Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $4,295,000.
What are key features of this property?
This property features: 14‑unit apartment building constructed in 1989; Approximately 15,200 square feet of rentable area on an approximately 11,252‑square‑foot lot; Unit mix includes four 1‑bedroom/1‑bath and ten 2‑bedroom/2‑bath units
