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