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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    N Hollywood, CA 91601

    • Apartment buildings
    • 0.01 lot acres
    OFF-MARKET
    Last Sale
    Sep 04, 2024
    $5,100,000
    Value Estimations
    $5,100,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9444205
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for N

    Lot size
    0.01 lot acres
    Zone code
    LARAS4
    Property type
    Apartment buildings
    APN
    2338-024-029
    APU
    2338024029

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,100,000
      ML approach
      $5,100,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.38
    Latitude
    34.1754
    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
    $3,730
    $237,032
    $70,039
    $307,071
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,705,000
      17,796 SF

      11210 Peach Grv St

      APARTMENT HOUSE (5+ UNITS) • 17,796 SF
      11210 Peach Grv St, North Hollywood, CA 91601-4759
      View Details
    • Value Estimation
      $975,000
      6,124 SF

      5245 Riverton Ave

      APARTMENT HOUSE (5+ UNITS) • 6,124 SF
      5245 Riverton Ave, North Hollywood, CA 91601-5542
      View Details
    • Value Estimation
      $890,000
      6,737 SF

      5705 Willowcrest Ave

      APARTMENT HOUSE (5+ UNITS) • 6,737 SF
      5705 Willowcrest Ave, North Hollywood, CA 91601
      View Details
    • Value Estimation
      $775,000
      6,380 SF

      5930 Willowcrest Ave

      APARTMENT HOUSE (5+ UNITS) • 6,380 SF
      5930 Willowcrest Ave, North Hollywood, CA 91601-1529
      View Details
    • Value Estimation
      $4,385,000
      28,382 SF

      5229 Willowcrest Ave

      APARTMENT HOUSE (5+ UNITS) • 28,382 SF
      5229 Willowcrest Ave, North Hollywood, CA 91601-3551
      View Details
    • Value Estimation
      $785,000
      6,028 SF

      5561 Klump Ave

      APARTMENT HOUSE (5+ UNITS) • 6,028 SF
      5561 Klump Ave, North Hollywood, CA 91601-2483
      View Details

    Similar Nearby for Sale

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      15,314 SF

      North Hollywood Multifamily Investment Property

      Luxury 17-unit property near NOHO Arts District.
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      Toluca Lake-NoHo Border Condo

      Top-floor condo with upscale living, city views, and premium amenities.
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      New Construction Multifamily in Toluca Lake

      Luxury 5-unit property in a desirable North Hollywood location.
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    • $999,000

      North Hollywood Multifamily Investment Opportunity

      Value-add six-unit apartment building in prime North Hollywood location.
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      View Details
    • $850,000
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      Spacious Condo Near NoHo Border

      Multi-level condo with 4 bedrooms, modern amenities, and convenient location.
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    • $1,750,000

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      Apartment building in the NoHo Arts District.
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      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      3,000 SF

      Free-Standing Commercial Building Available

      3,000 SF free-standing commercial building for lease or sale.
      10843 Burbank Blvd, North Hollywood, CA 91601
      View Details
    • $93 SF/Yr
      13,000 SF

      Lankershim Plaza Executive Suites

      Premium North Hollywood Office Space
      5250 Lankershim Blvd, Los Angeles, CA 91601
      View Details
    • $2 SF/Yr
      3,000 SF

      Burbank Blvd Retail Space For Lease

      Prime Los Angeles Retail, 3,000 SF
      10843 Burbank Blvd, Los Angeles, CA 91601
      View Details
    • Contact for pricing
      10,945 SF

      NoHo Commons Retail Spaces

      Prime Los Angeles retail space available.
      0 Sec Chandler Blvd & Lankershim Blvd, Los Angeles, CA 91601
      View Details
    • $3 SF/Yr
      2,840 SF

      Free Standing North Hollywood Office

      Free standing office building with high-end studio and recording rooms.
      11465 Chandler Blvd, North Hollywood, CA 91601
      View Details
    • $2,250 /Mo

      Office Space for Rent

      Office space available for rent in North Hollywood.
      4924 Vineland Ave, North Hollywood, CA 91601
      View Details
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    Hollywood, CA 91601
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    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
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