Trust Owned 
For Sale
1 / 9
$2,250,000
11414 Calvert St, North Hollywood, CA 91606
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Property summary
AI-generated overview
This is an eight-unit multifamily apartment building constructed in 1955, located on a 31,730 sf lot zoned R-3. The property contains a unit mix of two studio units, two 1+1 units, three 2+1 units, and one 3+2 unit, totaling 5,224 rentable square feet. Under the R-3 zoning classification, the property is suited for continued use as an apartment building and may also allow for additional entitlements and development of accessory dwelling units (ADUs) in accordance with applicable regulations. The building is in North Hollywood with proximity to public transportation, including Metro rail at the North Hollywood Red Line and Orange Line bus ways, and convenient access to the 101, 170, and 134 freeways.
Property profile
Verified
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1955
Construction
TILT-UP CONCRETE
Total area
5,224 SF
Lot
0.73 ac (31,730 SF)
Zoning code
LAR3
APN
2338-001-008
UPID
US09-7755400
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$743k
Blend (final)
Blend
$330k
Owner & transaction history
since 2008
2 recorded transactions
Zoning & alternative use
LAR3 · North Hollywood, CA
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 30 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$330k
Value range
$297k – $363k
±10% around blend
Estimated value / SF
$63 / SF
Confidence
High
30 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$297k
blend $330k
$363k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,224 SF
Lot area
0.73 ac
Year built
1955
APN
2338-001-008
Zoning
LAR3
Assessed value
$273,847
Annual tax
$5,209
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$5,209
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$1.64M
Weighted, 20 comps · high confidence
Evidence
30 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
0.3 mi away · 4,099 SF
0.8 mi away · 3,759 SF
0.9 mi away · 6,467 SF
1.3 mi away · 5,690 SF
1.3 mi away · 5,690 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$330k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 110 sales
$219
-71%
Submarket 579 sales
$244
-74%
County 11934 sales
$264
-76%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $63/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 30 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
Selected market yield
3.74%
Selected cap rate for this other apartment buildings
Derived from the North Hollywood market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 3.74%
9.0%
NOI (est.)
$84k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$2.25M
Move the market yield to see immediate price impact.
Value / SF
$430
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
3.24%3.74%4.24%
$76k
$2.33M
$2.02M
$1.78M
$84k
$2.59M
$2.25M
$1.98M
$92k
$2.85M
$2.47M
$2.18M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
30 found
High confidence · county-verified
Closest comparable
$2.00M
0.3 mi · Sep 2025 · $482/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$5,209
Tax year 2024
Assessed value
$273,847
Assessed 2024
Previous assessed
$273,847
+0.0% YoY
Effective rate
1.90%
On assessed value
Assessed land
$179,590
Assessed improvement
$94,257
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1955
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Units
8
Bathrooms
9
Total area
5,224 SF
Lot
0.73 ac (31,730 SF)
Zoning code
LAR3
APN
2338-001-008
UPID
US09-7755400
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LAR3 · North Hollywood, CAZoning LAR3 · permitted uses
LAR3 · North Hollywood, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1955
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Buildings
4
Units
8
Bathrooms
9
Lot
0.73 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
LAR3
Jurisdiction
North Hollywood, CA
Recorded code
LAR3
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