Upper-Level 1-Bedroom
For Sale
$300,000
7135 Coldwater Canyon, North Hollywood, CA 91605
North Hollywood, CA
Property Size650 SF
Price / SF$461.54
Days on Market144
Property Features for 7135 Coldwater Canyon
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
1
Bathrooms
1
Full bathrooms
1
Rooms
Kitchen, Bathroom 1, Laundry Room, Bedroom 1
Parking
1
Appliances
Gas Cooktop, Gas Range, Gas Oven
Elementary school district
Los Angeles Unified
Middle school district
Los Angeles Unified
High school district
Los Angeles Unified
Directions
Sherman way and Coldwater Canyon
Subdivision
NHO - North Hollywood
Standard status
Active
APN
2327018033
Size
650 SF
Taxes and HOA fees
HOA Fee
$264 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Wall Furnace
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public
Amenities
controlled access
landscaped grounds
courtyard community
dedicated parking
Building Details
Year built
1962
Floors in Building
1
Number of units
1
Listing Agency:
T.N.G. Real Estate Consultants
(562) 982-4175
Listed By:
Mikail Sujan · License #02149977
(714) 203-8555
Added: Apr 8
Changed: Aug 25
Last Checked: Aug 29 at 9:06AM
MLS# PW26077762
Copyright © 2026 California Regional Multiple Listing Service, Inc. 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 650-square-foot, upper-level condominium includes one bedroom, a kitchen, living and dining areas, a bathroom, and a laundry room. Laminate wood flooring, large windows, and built-in storage extend through the residence, while the kitchen provides gas cooking appliances and cabinet storage. The bathroom has been remodeled with updated fixtures and finishes, and the bedroom includes substantial closet space.
The home is located at 7135 Coldwater Canyon in North Hollywood, California, within a courtyard community featuring landscaped grounds and controlled access. Public water and public sewer serve the property. Heating is provided by a wall furnace, with window or wall/window unit cooling. Dedicated parking is included.
The home is located at 7135 Coldwater Canyon in North Hollywood, California, within a courtyard community featuring landscaped grounds and controlled access. Public water and public sewer serve the property. Heating is provided by a wall furnace, with window or wall/window unit cooling. Dedicated parking is included.
Key Highlights
- 650‑square‑foot upper‑level condominium with one bedroom
- Remodeled bathroom with updated fixtures and finishes
- Landscaped courtyard community with controlled access
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
$10,459
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
3.49%
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%
$209,180
$209.2K
Cap Rate 7%
$149,414
$149.4K
Cap Rate 9%
$116,211
$116.2K
Market Conditions
NOI Build-Up for 650 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
$20.7K $31.80/SF
− Vacancy
−$1.7K −$2.54/SF
EGI
$19.0K $29.26/SF
− OpEx
−$8.6K −$13.17/SF
NOI
$10.5K $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%
$209,180
Cap Rate 7%
$149,414
Cap Rate 9%
$116,211
Alternative Uses
Best Use
Apartment 5plus
$149.4K
$130.7K – $174.3K
NOI $10,459 @ 7.0% cap · market cap 3.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$348.0K
$304.5K – $406.0K
NOI $24,361 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,991
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Controlled-access courtyard community with landscaped grounds, dedicated parking, and a remodeled bathroom.
Where is this residential income property located?
The property is located at 7135 Coldwater Canyon North Hollywood, CA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 650‑square‑foot upper‑level condominium with one bedroom; Remodeled bathroom with updated fixtures and finishes; Landscaped courtyard community with controlled access
