Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5121 Klump Ave North Hollywood, CA 91601-4901
    Back to Search
    Property profile & analytics

    5121 Klump Ave, North Hollywood, CA 91601-4901

    View on Map
    • Apartment buildings
    • 24,736 SF
    • 0.50 lot acres
    Off-Market
    Property ID
    US09-6309917
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,870,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 5121 Klump Ave

    Year built
    1985
    Construction
    WOOD
    Lot size
    0.50 lot acres
    Zone code
    LAR4
    Property type
    Apartment buildings
    APN
    2353-003-025
    APU
    2353003025

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 12, 2009 — 5121 Klump Apartments LLC Morrison Apartments Grant Deed $2.7M · Grandbridge Real Estate Capital LLC
    Nov 10, 1999 $559,500 Morrison Apartments Fraser Trust Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,714,000
      Market price range: $3.71M - $9.02M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    North Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.376
    Latitude
    34.1636
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $32,395
    $904,099
    $1,506,843
    $2,410,942
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $980,000
      7,518 SF

      11218 Huston St

      APARTMENT HOUSE (5+ UNITS)
      11218 Huston St, North Hollywood, CA 91601-4489
      View Details
    • Value Estimation
      $1,110,000
      5,828 SF

      11502 Killion St

      APARTMENT HOUSE (5+ UNITS)
      11502 Killion St, North Hollywood, CA 91601-2661
      View Details
    • Value Estimation
      $1,480,000
      8,022 SF

      5302 Colfax Ave

      APARTMENT HOUSE (5+ UNITS)
      5302 Colfax Ave, North Hollywood, CA 91601-3072
      View Details
    • Value Estimation
      $1,200,000
      8,464 SF

      5722 Elmer Ave

      APARTMENT HOUSE (5+ UNITS)
      5722 Elmer Ave, North Hollywood, CA 91601-1804
      View Details
    • Value Estimation
      $20,725,000
      472,256 SF

      5416 Fair Ave

      APARTMENT HOUSE (5+ UNITS)
      5416 Fair Ave, North Hollywood, CA 91601-2732
      View Details
    • Value Estimation
      $780,000
      4,518 SF

      5235 Harmony Ave

      APARTMENT HOUSE (5+ UNITS)
      5235 Harmony Ave, North Hollywood, CA 91601-3480
      View Details

    Similar Nearby for Sale

    • $1,489,000
      4,837 SF

      North Hollywood Apartment Investment Opportunity

      Apartment building in a sought-after location near NoHo Arts.
      5887 Whitnall Hwy, North Hollywood, CA 91601
      View Details
    • Contact for pricing
      4,422 SF

      North Hollywood Multifamily Investment Opportunity

      Eight-unit apartment building in a high-demand rental market.
      5326 Cahuenga Blvd, North Hollywood, CA 91601
      View Details
    • $8,250,000
      18,432 SF

      New North Hollywood Multifamily Investment

      New construction multifamily property in North Hollywood Arts District.
      10821 Hartsook St, North Hollywood, CA 91601
      View Details
    • $835,000

      Spacious Condo Near NoHo Border

      Multi-level condo with 4 bedrooms, modern amenities, and convenient location.
      11253 Peach Grove St, Hollywood, CA 91601
      View Details
    • $7,500,000
      15,314 SF

      Luxury North Hollywood Multifamily Investment

      Upgraded 17-unit property near NoHo Arts District.
      5325 Denny Ave, North Hollywood, CA 91601
      View Details
    • $9,800,000

      North Hollywood Multifamily Investment Opportunity

      26-unit apartment building in North Hollywood with value-add potential.
      10455 Magnolia Blvd, North Hollywood, CA 91601
      View Details

    Similar Nearby for Lease

    • $105 SF/Yr
      400 SF

      Los Angeles Commercial Kitchen Space

      400 sq ft, Multi-Tenant Kitchen
      5536 Satsuma Ave, Los Angeles, CA 91601
      View Details
    • $36 SF/Yr
      2,000 SF

      Prime LA Flex Space, Satsuma Ave

      2,000 sq ft Retail/Industrial Space
      5536 Satsuma Ave, Los Angeles, CA 91601
      View Details
    • $3,500 /Mo

      Commercial Lot with Small Building

      Commercial lot with a small building available for lease.
      5624 Cahuenga Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing

      Lankershim Plaza

      Discover many ways to work your way in Lankershim Plaza
      5250 Lankershim Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing
      6,300 SF

      Free Standing NoHo District Building

      Free standing building in NoHo District with parking and offices.
      10605 Chandler Blvd, North Hollywood, CA 91601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5121 Klump Ave
    North Hollywood, CA 91601-4901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5121 Klump Ave, North Hollywood, CA, 91601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!