North Hollywood Multi-Tenant
For Sale
Contact for pricing
6820 Ben Avenue, North Hollywood, CA 91605
Two-story, 6,516 SF multi-tenant property in North Hollywood.
Property Size6,516 SF
Lot Size0.18 Acres
Price / SF$257.06
Days on Market179
Property Features for 6820 Ben Avenue
General Information
Standard status
Active
Size
6,516 SF
Lot size
0.18 Acres
Property subtype
Multifamily
Zoning
LARD1.5
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$105,125
Building Details
Year Built
1950
Stories
2
Units
8
Listing Agency:
Stratton Commercial Real Estate, Inc.
(661) 414-6364
Listed By:
Daniel Stratton · License #CA 01986597
Source:
Crexi
Added: Feb 14
Changed: Aug 8
Last Checked: Aug 10 at 10:37AM
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 Stratton Commercial Real Estate, Inc.
Investment Insights
Based on property information with market context.
Located in the North Hollywood submarket of Los Angeles, the multi-tenant property at 6820 Ben Ave features a two-story building situated on an 8,032 square foot lot. The building encompasses 6,516 square feet of gross and living area. The property is fully gated, providing controlled access and enhanced security. On-site parking is available, with a functional layout that supports efficient circulation throughout the site. The building features a durable concrete structure with an exterior-corridor design that allows individual unit access. Upper-level units benefit from private balconies. The configuration promotes natural light and a practical flow across both levels. The understated façade, complemented by mature landscaping along the perimeter, presents a clean residential aesthetic while supporting long-term usability. Positioned on a quiet residential street, the property enjoys proximity to major transportation corridors, employment centers, and the amenities of North Hollywood and the surrounding San Fernando Valley. Its central location, favorable lot size, and existing improvements contribute to its appeal as a well established presence in a supply-constrained Los Angeles market.
Key Highlights
- Well‑located multi‑tenant property in the North Hollywood submarket of Los Angeles.
- Fully gated with controlled access and enhanced security.
- On‑site parking with a functional layout.
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
$104,848
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
6.26%
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%
$2,096,960
$2.1M
Cap Rate 7%
$1,497,829
$1.5M
Cap Rate 9%
$1,164,978
$1.2M
Market Conditions
NOI Build-Up for 6,516 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
$207.2K $31.80/SF
− Vacancy
−$16.6K −$2.54/SF
EGI
$190.6K $29.26/SF
− OpEx
−$85.8K −$13.17/SF
NOI
$104.8K $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 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%
$2,096,960
Cap Rate 7%
$1,497,829
Cap Rate 9%
$1,164,978
Alternative Uses
Best Use
Apartment 5plus
$1.50M
$1.31M – $1.75M
NOI $104,848 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.05M – $4.07M
NOI $244,205 @ 7.0% cap · market cap 14.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,054
Businesses Nearby
Explore this area
Business Placement
Demographics for 91605, CA
54,341
Population
17,206
Households
3.2
Avg Household Size
36
Median Age
22%
College-Educated
71%
High-School Grad
5.4 sq mi
ZIP Area
10,063
Density / Sq Mi
$64,539
Median Household Income
$32,751
Median Earnings
$1,736
Median Rent
$729,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story, 6,516 SF multi-tenant property in North Hollywood.
Where is this apartment building located?
The property is located at 6820 Ben Avenue North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Well‑located multi‑tenant property in the North Hollywood submarket of Los Angeles.; Fully gated with controlled access and enhanced security.; On‑site parking with a functional layout.
