5330 Satsuma Ave - Apartments FOR SALE


North Hollywood, CA 91601
$8,995,000 USD
310-270-8423
5330 Satsuma Ave, North Hollywood, CA for Sale
$8,995,000 USD
Apartments - FOR SALE
1/31
null | 5% Cap Rate

5330 Satsuma Ave
North Hollywood, CA 91601


HIGHLIGHTS

  • 2005 Construction - Property is well maintained and in excellent condition featuring efficient layouts and ample subterranean gated parking.
  • Below Replacement Cost (Exceptional Basis) - Offered at approximately $393/SF, opportunity to acquire a high-quality asset below replacement costs.
  • Attractive unit mix featuring 20 luxury townhome-style residences, including 15 spacious 2 Bed / 2.5 Bath units and 5 larger 3 Bed / 2.5 Bath units.
  • Townhome Style, multi-level residences offering enhanced privacy and a single-family home feel, all with in-unit washer and dryer.
  • (89 WALK SCORE) Desirable North Hollywood Arts District location - ideally situated adjacent to Toluca Lake.
  • 20 on-site storage units, providing a supplemental income stream and added convenience for tenants.

OVERVIEW

5330 Satsuma Avenue presents a generational acquisition opportunity—offered for the first time on the market since its development by the original owner. Meticulously maintained and in excellent condition, the property reflects a long-term commitment to quality ownership and offers investors a rare asset in one of North Hollywood’s most desirable rental enclaves. Completed in 2005, the asset is comprised of 20 luxury townhome-style residences featuring an attractive mix of (15) 2-bedroom, 2.5-bath units and (5) 3 bedroom, 2.5-bath units. The multi-level design provides a level of privacy, scale, and livability more akin to single-family homes than traditional multifamily product—an increasingly sought-after characteristic that supports tenant retention and premium rental positioning. Each residence is further enhanced by in-unit washer and dryer, aligning with modern renter expectations. The property is ideally positioned near the NoHo Arts District, one of Los Angeles’ most dynamic and evolving submarkets. With a Walk Score of 89, residents benefit from immediate access to a curated mix of dining, retail, and entertainment offerings, fostering a highly walkable, lifestyle-driven environment that continues to attract a strong and stable tenant base. From an investment standpoint, 5330 Satsuma Avenue offers a compelling basis at approximately $393 per square foot—well below replacement cost—providing both downside protection and long-term upside potential in a market characterized by increasing barriers to entry. The asset is further complemented by 20 on-site storage units, delivering an additional revenue stream while enhancing overall tenant convenience. Combining irreplaceable location, differentiated design, and enduring physical quality, 5330 Satsuma Avenue represents a rare opportunity to acquire a best-in-class asset with strong in-place fundamentals and the potential for continued long-term growth.

FOR SALE DETAILS

PRICE

$8,995,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

20

PRICE/UNIT

$449,750

CAP RATE

5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Satsuma Townhomes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2005

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,077 SF

ZONING

LAR3

APN/PARCEL ID

2416-008-046

ASK ABOUT THIS PROPERTY

Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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Michael MonempourLyon Stahl Investment Real EstateMore Info
310-270-8423

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