4-Unit Apartment
New
For Sale
$1,050,000
5841 Tujunga Ave, North Hollywood, CA 91601
Existing residents occupy the units under month-to-month rental agreements.
Property Size2,890 SF
Price / SF$363.32
Days on Market4
Property Features for 5841 Tujunga Ave
General Information
Standard status
Active
Size
2,890 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
4
Tenant in Place
Yes
Building Details
Year Built
1941
Listing Agency:
Brent Andrew Hawker Broker
Listed By:
Brent Hawker · License #01424417
(180) 530-4299
Source:
Landonrealtygroup
Added: Oct 26
Last Checked: Aug 25 at 4:59AM
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 Brent Andrew Hawker Broker
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1941, this four-unit property has garages and parking behind the building. Improvements include a new roof, copper plumbing, electrical work, newer meters, recessed LED lighting in every unit, and newer flooring throughout. Most apartments also have updated kitchens and remodeled bathrooms, along with mini-split HVAC systems. Dual-pane windows are installed in half of the units; some kitchens still need cabinet replacement.
All units are rented month-to-month. According to the owner, tenants cover operating expenses, including water, while the owner pays property taxes.
All units are rented month-to-month. According to the owner, tenants cover operating expenses, including water, while the owner pays property taxes.
Key Highlights
- Four‑unit property built in 1941
- Month‑to‑month rental agreements across all units
- Garages and parking located behind the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,470
Cap Rate
4.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,400
$1.0M
Cap Rate 7%
$721,000
$721.0K
Cap Rate 9%
$560,778
$560.8K
Market Conditions
NOI Build-Up for 2,890 SF
Gross rent
$78.0K $27.00/SF
− Vacancy
−$5.9K −$2.05/SF
EGI
$72.1K $24.95/SF
− OpEx
−$21.6K −$7.48/SF
NOI
$50.5K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,009,400
Cap Rate 7%
$721,000
Cap Rate 9%
$560,778
Alternative Uses
Best Use
Multifamily LT 5
$721.0K
$630.9K – $841.2K
NOI $50,470 @ 7.0% cap · market cap 4.81%
Second Best
Apartment 5plus
$664.3K
$581.3K – $775.0K
NOI $46,502 @ 7.0% cap · market cap 4.43%
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,311 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,906
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
Frequently Asked Questions
What type of property is this?
Quadplex - Existing residents occupy the units under month-to-month rental agreements.
Where is this quadplex located?
The property is located at 5841 Tujunga Ave North Hollywood, CA.
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: Four‑unit property built in 1941; Month‑to‑month rental agreements across all units; Garages and parking located behind the building
