Fourplex With Rear
For Sale
$1,050,000
5841 Tujunga Avenue, North Hollywood, CA 91601
Residential Income, North Hollywood, CA
Property Size2,890 SF
Lot Size0.17 Acres
Price / SF$363.32
Days on Market383
Property Features for 5841 Tujunga Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 4, Bathroom 1
Parking
4
Parking features
Garage
Subdivision
NHO - North Hollywood
Special listing conditions
In Foreclosure
Standard status
Active
APN
2338013023
Size
2,890 SF
Lot size
0.17 Acres
Utilities
Sewer type
Public Sewer
Building Details
Year built
1941
Floors in Building
1
Flooring type
Laminate, Tile - Stone, Tile - Ceramic
Listing Agency:
Brent Andrew Hawker Broker
(805) 304-2996
Listed By:
Brent A Hawker · License #01424417
(180) 530-4299
Added: Sep 4, 2025
Changed: Sep 16
Last Checked: Sep 21 at 5:06AM
MLS# 225004537
Copyright © 2026 Conejo Simi Moorpark Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This four-unit property contains 2,890 square feet on a 0.1734-acre lot and was built in 1941. Capital improvements include a newer roof, copper plumbing, electrical updates, newer meters, flooring throughout, remodeled bathrooms, recessed LED lighting, and newer air-conditioning units. Most units also feature updated kitchens, mini-split HVAC systems, and other interior improvements, while some cabinet work remains.
Parking is located behind the building with garage spaces. Dual-pane windows are installed in half of the units, and the property is served by public sewer. All units are currently leased month-to-month. Tenants cover water and other property expenses, while property taxes are paid by ownership. The property is located at 5841 Tujunga Avenue in North Hollywood, California.
Parking is located behind the building with garage spaces. Dual-pane windows are installed in half of the units, and the property is served by public sewer. All units are currently leased month-to-month. Tenants cover water and other property expenses, while property taxes are paid by ownership. The property is located at 5841 Tujunga Avenue in North Hollywood, California.
Key Highlights
- Four‑unit property with 2,890 square feet on a 0.1734‑acre lot
- 8.65 CAP Rate possible
- Newer roof, copper plumbing, electrical, meters, and flooring throughout
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
$50,470
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
4.81%
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%
$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
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
$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 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%
$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.
Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - All units are month-to-month, with tenants covering water and other property expenses.
Where is this quadplex located?
The property is located at 5841 Tujunga Avenue 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 with 2,890 square feet on a 0.1734‑acre lot; 8.65 CAP Rate possible; Newer roof, copper plumbing, electrical, meters, and flooring throughout
