5328 Auckland Ave - Apartments FOR SALE


North Hollywood, CA 91601 | 
$1,400,000 USD
818-414-0282
5328 Auckland Ave, North Hollywood, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/23
null | 5.3% Cap Rate

5328 Auckland Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • Offered at $200,000 per unit, providing an approachable entry point into the 91601 multifamily market
  • Four 1BRs and three studios with rents averaging 81% of market, offering meaningful income growth potential
  • 6,989 SF LARD1.5-zoned lot offers long-term flexibility and stability for the 7-unit multifamily asset
  • Conveniently located near Toluca Lake Elementary, Walter Reed Middle, and East Valley Senior High, supporting strong tenant appeal

OVERVIEW

5328 Auckland Avenue is a seven-unit apartment property built in 1965, featuring four one-bedroom residences and three studios on a 6,989-square-foot LARD1.5-zoned lot. Its location directly across from 5327 Auckland creates an unusually efficient opportunity to assemble 14 units in one North Hollywood pocket while keeping each property’s operations simple and distinct. The asset offers a strong in-place return with a practical path to additional income. A one-bedroom unit provides the opportunity to capture market rent quickly, while the balance of the rent roll offers continued upside as leases turn over time. The compact unit mix is easy to manage, broadly appealing to renters, and positioned near the employment, transit, schools, shopping, and everyday conveniences that support consistent demand in the 91601 submarket. For a buyer looking for a well-located building with current income, visible near-term growth, and the added strategic value of pairing it with the property across the street, 5328 Auckland stands out as a smart and flexible North Hollywood acquisition

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$422 USD /SF

# OF UNITS

7

PRICE/UNIT

$200,000

CAP RATE

5.3%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,996 SF

ZONING

LARD1.5

APN/PARCEL ID

2417-006-006

ASK ABOUT THIS PROPERTY

Edan ShalomCentennial AdvisersMore Info
818-414-0282

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Edan ShalomCentennial AdvisersMore Info
818-414-0282

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.