5-Unit Apartment
For Sale
$1,050,000
5719 Johnson Street Unit 15, Hollywood, FL 33021
Fully occupied property with individual electric meters, on-site parking, and landscaped outdoor areas.
Property Size2,147 SF
Lot Size0.34 Acres
Price / SF$489.05
Days on Market1566
Property Features for 5719 Johnson Street Unit 15
General Information
Standard status
Active
Size
2,147 SF
Total Parking Spaces
10
Lot size
0.34 Acres
Property subtype
Commercial/Industrial / Income/Multi Family
Occupancy
100%
Units
Unit Mix
1 x 2BR/1BA, 4 x 1BR/1BA
Multifamily Units
5
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,434
Amenities
garden area
outdoor lounging space
Building Details
Year Built
1957
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Elior Levi · License #3574869
(954) 743-7594
Source:
Compass
Added: May 24, 2022
Changed: Sep 3
Last Checked: Sep 4 at 3:59PM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
5719 Johnson Street is a five-unit apartment property comprising one two-bedroom, one-bath residence and four one-bedroom, one-bath residences. The 1957 building is fully occupied and includes individual electric meters for each unit. Ten on-site parking spaces serve the property, while a garden area and separate outdoor lounging space add usable exterior amenities.
The property occupies a 15,000-square-foot lot in Hollywood near 441, I-95, and the Hard Rock. The adjacent office building at 5715 Johnson St. is also available for purchase, allowing the two properties to be acquired together.
The property occupies a 15,000-square-foot lot in Hollywood near 441, I-95, and the Hard Rock. The adjacent office building at 5715 Johnson St. is also available for purchase, allowing the two properties to be acquired together.
Key Highlights
- Five‑unit apartment property with one 2‑bed/1‑bath unit and four 1‑bed/1‑bath units
- Fully occupied with individual electric meters
- 10 parking spaces on a 15k sqft lot
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
$35,786
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
3.41%
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%
$715,720
$715.7K
Cap Rate 7%
$511,229
$511.2K
Cap Rate 9%
$397,622
$397.6K
Market Conditions
NOI Build-Up for 2,147 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
$68.3K $31.80/SF
− Vacancy
−$3.2K −$1.49/SF
EGI
$65.1K $30.31/SF
− OpEx
−$29.3K −$13.64/SF
NOI
$35.8K $16.67/SF
Area
Hollywood, FL
Vacancy
4.70%
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%
$715,720
Cap Rate 7%
$511,229
Cap Rate 9%
$397,622
Alternative Uses
Best Use
Apartment 5plus
$511.2K
$447.3K – $596.4K
NOI $35,786 @ 7.0% cap · market cap 3.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$839.9K
$734.9K – $979.9K
NOI $58,793 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Explore this area
Business Placement
Demographics for 33021, FL
50,091
Population
21,930
Households
2.3
Avg Household Size
43
Median Age
38%
College-Educated
91%
High-School Grad
8.8 sq mi
ZIP Area
5,692
Density / Sq Mi
$69,249
Median Household Income
$41,390
Median Earnings
$1,707
Median Rent
$395,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied property with individual electric meters, on-site parking, and landscaped outdoor areas.
Where is this apartment building located?
The property is located at 5719 Johnson Street Unit 15 Hollywood, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Five‑unit apartment property with one 2‑bed/1‑bath unit and four 1‑bed/1‑bath units; Fully occupied with individual electric meters; 10 parking spaces on a 15k sqft lot
