Vacant Renovated
For Sale
$1,499,999
6711 Clybourn Ave, North Hollywood, CA 91606
Renovated duplex delivered vacant with modern kitchens, central A/C, gated entry, and a four-car garage.
Property Size3,100 SF
Price / SF$483.87
Days on Market140
Property Features for 6711 Clybourn Ave
General Information
Standard status
Active
Size
3,100 SF
Total Parking Spaces
4
Property subtype
Residential Income
Additional Details
Multifamily Units
2
Amenities
central A/C
gated entry
Building Details
Buildings
1
Listing Agency:
Coldwell Banker Realty
(818) 521-3840
Listed By:
Avetis Koshkaryan · License #02084506
(818) 521-3840
Source:
Exprealty
Added: Apr 13
Changed: Aug 29
Last Checked: May 25 at 6:07AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located at 6711 Clybourn in North Hollywood, this duplex offers more than 3,100 square feet of renovated living space across six bedrooms and six bathrooms. Both residences will be delivered vacant, providing flexibility for an owner-occupant or a new leasing plan.
Interior improvements include modern kitchens with granite countertops and updated flooring, along with central A/C. A gated entry adds controlled access, while the property also includes a four-car garage. The duplex is near the NoHo Arts District and Burbank Airport.
Interior improvements include modern kitchens with granite countertops and updated flooring, along with central A/C. A gated entry adds controlled access, while the property also includes a four-car garage. The duplex is near the NoHo Arts District and Burbank Airport.
Key Highlights
- Delivered completely vacant
- Over 3,100 sq. ft. of renovated living space
- 6 bedrooms and 6 bathrooms
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
$54,137
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
3.61%
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%
$1,082,740
$1.1M
Cap Rate 7%
$773,386
$773.4K
Cap Rate 9%
$601,522
$601.5K
Market Conditions
NOI Build-Up for 3,100 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
$83.7K $27.00/SF
− Vacancy
−$6.4K −$2.05/SF
EGI
$77.3K $24.95/SF
− OpEx
−$23.2K −$7.48/SF
NOI
$54.1K $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%
$1,082,740
Cap Rate 7%
$773,386
Cap Rate 9%
$601,522
Alternative Uses
Best Use
Multifamily LT 5
$773.4K
$676.7K – $902.3K
NOI $54,137 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$712.6K
$623.5K – $831.4K
NOI $49,881 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,181 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
977
Businesses Nearby
Explore this area
Business Placement
Demographics for 91606, CA
43,955
Population
16,563
Households
2.7
Avg Household Size
38
Median Age
27%
College-Educated
78%
High-School Grad
3.3 sq mi
ZIP Area
13,320
Density / Sq Mi
$66,884
Median Household Income
$36,497
Median Earnings
$1,744
Median Rent
$801,300
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?
Duplex - Renovated duplex delivered vacant with modern kitchens, central A/C, gated entry, and a four-car garage.
Where is this duplex located?
The property is located at 6711 Clybourn Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: Delivered completely vacant; Over 3,100 sq. ft. of renovated living space; 6 bedrooms and 6 bathrooms
