Modern 5-Unit Apartment
For Sale
$3,195,000
6926 Morella Ave, North Hollywood, CA 91605
Residential Income, Modern, North Hollywood, CA
Property Size7,932 SF
Lot Size0.18 Acres
Price / SF$402.80
Days on Market48
Property Features for 6926 Morella Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
LARD1.5
Bedrooms
17
Bathrooms
21
Full bathrooms
21
Rooms
Bathroom 11, Bathroom 10, Bedroom 9, Bathroom 17, Bathroom 18, Bedroom 6, Bathroom 14, Bathroom 12, Bedroom 8, Bathroom 1, Bathroom 15, Bathroom 20, Bedroom 13, Bathroom 6, Bathroom 8, Bedroom 1, Bedroom 4, Bedroom 15, Bathroom 19, Bedroom 7, Bathroom 21, Bedroom 11, Bathroom 9, Bathroom 2, Bedroom 10, Bedroom 2, Bedroom 3, Bathroom 3, Bedroom 17, Bathroom 13, Bathroom 16, Bedroom 16, Bathroom 5, Bathroom 4, Bathroom 7, Bedroom 14, Bedroom 12, Bedroom 5
Parking
12
Parking features
Assigned, Garage - Attached, Covered, Driveway, Garage
Security features
Security Lighting
Window features
Blinds, Double Pane Windows
Interior features
Turnkey, Recessed Lighting, Laundry - Closet Stacked, Open Floor Plan
Appliances
Microwave, Free Standing Gas
Lot features
Automatic Gate, Exterior Security Lights, Fenced, Gutters
Directions
Vanowen to Morella Ave, (West of Lankershim Blvd)
Subdivision
North Hollywood
Standard status
Active
APN
2321-016-017
Size
7,932 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Heating system
Central
Cooling system
Central Air
Amenities
private balconies and patios
drought-tolerant landscaping
Building Details
Year built
2021
Floors in Building
3
Number of units
5
Flooring type
Linoleum, Laminate
Roof type
Flat
Architectural style
Modern
Listing Agency:
Beverly & Company Luxury Properties
(323) 410-0848
Listed By:
Cesar Leyva · License #01490664
(424) 202-4243
Added: Sep 9
Changed: Oct 21
Last Checked: Oct 26 at 5:06AM
MLS# 26986171
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2021, this modern apartment property contains 5 units across three detached buildings, including one fully standalone residence. The improvements total 7,932 square feet on a 0.1815-acre lot and feature townhouse-style layouts, private balconies and patios, central heating and cooling, stacked laundry closets, open floor plans, and attached garage or driveway parking. Hardscape and drought-tolerant landscaping are incorporated across the site, while each residence has separate utility metering.
Located at 6926 Morella Ave in North Hollywood, the property is zoned LARD1.5 and is identified as non-RSO, with no rent control or affordable-housing covenant restrictions stated. The property is 100%-leased and includes assigned, covered, driveway, and garage parking options. Nearby destinations identified in the property information include Universal Studios, Warner Bros., and the NoHo Arts District.
Located at 6926 Morella Ave in North Hollywood, the property is zoned LARD1.5 and is identified as non-RSO, with no rent control or affordable-housing covenant restrictions stated. The property is 100%-leased and includes assigned, covered, driveway, and garage parking options. Nearby destinations identified in the property information include Universal Studios, Warner Bros., and the NoHo Arts District.
Key Highlights
- 5‑unit apartment property completed in 2021
- 7,932 square feet on a 0.1815‑acre lot
- Three detached buildings, including one fully standalone unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$127,632
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,552,640
$2.6M
Cap Rate 7%
$1,823,314
$1.8M
Cap Rate 9%
$1,418,133
$1.4M
Market Conditions
NOI Build-Up for 7,932 SF
Gross rent
$252.2K $31.80/SF
− Vacancy
−$20.2K −$2.54/SF
EGI
$232.1K $29.26/SF
− OpEx
−$104.4K −$13.17/SF
NOI
$127.6K $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%
$2,552,640
Cap Rate 7%
$1,823,314
Cap Rate 9%
$1,418,133
Alternative Uses
Best Use
Apartment 5plus
$1.82M
$1.60M – $2.13M
NOI $127,632 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.72M – $4.95M
NOI $297,273 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,703
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Recently built, fully leased property with separately metered utilities, private outdoor spaces, and on-site parking.
Where is this apartment building located?
The property is located at 6926 Morella Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: 5‑unit apartment property completed in 2021; 7,932 square feet on a 0.1815‑acre lot; Three detached buildings, including one fully standalone unit
