North Hollywood Multifamily Investment
For Sale
$1,489,000
5887 Whitnall, North Hollywood, CA 91601
Multifamily property in a desirable North Hollywood location.
Property Size4,837 SF
Days on Market254
Property Features for 5887 Whitnall
General Information
Standard status
Active
Size
4,837 SF
Property subtype
Apartment
Building Details
Building Size
4,837 SF
Year Built
1962
Listing Agency:
Equity Union
Listed By:
Zorik Dadoyan · License #01836334
(818) 335-3637
Source:
Truthrealty
Added: Feb 2
Changed: Sep 29
Last Checked: Oct 13 at 2:34AM
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 Equity Union
Investment Insights
Based on property information with market context.
The property at 5887 Whitnall Hwy is located in North Hollywood, a Los Angeles submarket recognized for rental demand, transit accessibility, and redevelopment. The location is near the NoHo Arts District, which features theaters, restaurants, cafes, nightlife, and creative office space. This multifamily property is positioned as an investment opportunity.
Key Highlights
- Located in North Hollywood, a high‑demand rental market.
- Minutes from the NoHo Arts District with theaters, restaurants, and nightlife.
- Priced at $165,000 per unit.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,831
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,556,620
$1.6M
Cap Rate 7%
$1,111,871
$1.1M
Cap Rate 9%
$864,789
$864.8K
Market Conditions
NOI Build-Up for 4,837 SF
Gross rent
$153.8K $31.80/SF
− Vacancy
−$12.3K −$2.54/SF
EGI
$141.5K $29.26/SF
− OpEx
−$63.7K −$13.17/SF
NOI
$77.8K $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%
$1,556,620
Cap Rate 7%
$1,111,871
Cap Rate 9%
$864,789
Alternative Uses
Best Use
Apartment 5plus
$1.11M
$972.9K – $1.30M
NOI $77,831 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,280 @ 7.0% cap · market cap 12.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,688
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - Multifamily property in a desirable North Hollywood location.
Where is this multifamily property located?
The property is located at 5887 Whitnall North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,489,000.
What are key features of this property?
This property features: Located in North Hollywood, a high‑demand rental market.; Minutes from the NoHo Arts District with theaters, restaurants, and nightlife.; Priced at $165,000 per unit.
