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    Property profile & analytics

    N Hollywood, CA 91605

    • Warehouses
    • 5,000 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-9476382
    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

    • Warehouses

    Property Details for N

    Year built
    1978
    Lot size
    0.28 lot acres
    Property size
    5,000 SF
    Zone code
    LAR2
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    2307-022-009
    APU
    2307022009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.405
    Latitude
    34.2067
    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
    $5,458
    $413,007
    $2,828
    $415,835
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      88,008 SF

      12610 Raymer St

      MINI-WAREHOUSE, STORAGE • 88,008 SF
      12610 Raymer St, North Hollywood, CA 91605-4307
      View Details
    • Value Estimation
      $1,610,000
      93,879 SF

      12520 Sherman Way

      MINI-WAREHOUSE, STORAGE • 93,879 SF
      12520 Sherman Way, North Hollywood, CA 91605-5236
      View Details
    • Value Estimation
      $1,370,000
      194,008 SF

      11620 Sherman Way

      MINI-WAREHOUSE, STORAGE • 194,008 SF
      11620 Sherman Way, North Hollywood, CA 91605-5831
      View Details
    • Value Estimation
      $1,200,000
      147,276 SF

      6880 Troost Ave

      MINI-WAREHOUSE, STORAGE • 147,276 SF
      6880 Troost Ave, North Hollywood, CA 91605-6126
      View Details
    • Value Estimation
      $990,000
      31,395 SF

      7300 Bellaire Ave

      MINI-WAREHOUSE, STORAGE • 31,395 SF
      7300 Bellaire Ave, North Hollywood, CA 91605
      View Details
    • Value Estimation
      $995,000
      92,640 SF

      7215 Coldwater Cyn Ave

      MINI-WAREHOUSE, STORAGE • 92,640 SF
      7215 Coldwater Cyn Ave, North Hollywood, CA 91605-4204
      View Details

    Similar Nearby for Sale

    • $1,950,000

      North Hollywood Industrial Building

      Industrial/manufacturing/warehouse building with high power and gated yard.
      7331 Hinds Ave, North Hollywood, CA 91605
      View Details
    • $1,895,000

      Industrial Building with Corner Visibility

      Industrial/manufacturing/warehouse building with great corner visibility and convenient location.
      7358 Radford Ave, North Hollywood, CA 91605
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    • $7,950,000
      21,784 SF

      North Hollywood Commercial Building For Sale

      21,784 SF industrial/commercial building on a 18,883 SF lot.
      13311 Sherman Way, North Hollywood, CA 91605
      View Details
    • $1,488,136
      4,264 SF

      North Hollywood Warehouse with Yard

      Free-standing building with secured yard access in North Hollywood.
      7352 Radford Ave, North Hollywood, CA 91605
      View Details
    • $6,394,285
      14,000 SF

      North Hollywood Freestanding Warehouse Building

      Freestanding building with fenced yard and multiple grade doors.
      13329 Sherman Way, North Hollywood, CA 91605
      View Details
    • $8,768,550
      25,053 SF

      Renovated Manufacturing/Distribution Building For Sale

      Recently renovated manufacturing/distribution building with heavy power and new upgrades.
      13340 Raymer St, North Hollywood, CA 91605
      View Details

    Similar Nearby for Lease

    • $1.50 SF/Yr
      21,844 SF

      Industrial Building with Oversized Yard

      Freestanding industrial building featuring a large, fenced yard area.
      13222-13226 Saticoy St, North Hollywood, CA 91605
      View Details
    • $1.49 SF/Yr
      35,530 SF

      Warehouse/Distribution Facility For Rent

      Warehouse/Distribution facility with access to (170) Freeway.
      12234-12236 Sherman Way, North Hollywood, CA 91605
      View Details
    • $1.50 SF/Yr
      6,300 SF

      Industrial Unit Near Burbank Airport

      6,300 SF flex/industrial space near Burbank Airport available for lease.
      10835 Vanowen St, North Hollywood, CA 91605
      View Details
    • $1.25 SF/Yr
      20,300 SF

      Industrial Space with Office Sublease

      Industrial space featuring office sublease available through August 2027.
      11310 Sherman Way, North Hollywood, CA 91605
      View Details
    • Contact for pricing
      106,750 SF

      Industrial Space Near Burbank Airport

      106,750 SF industrial space near Burbank Airport.
      6950 Tujunga Ave, North Hollywood, CA 91605
      View Details
    • $1.45 SF/Yr
      18,500 SF

      North Hollywood Warehouse with Signage

      18,500 SF warehouse space available for lease in North Hollywood.
      12035 Sherman Way, North Hollywood, CA 91605
      View Details
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    N
    Hollywood, CA 91605
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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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