5524 Satsuma Avenue offers a prime multi-tenant industrial investment opportunity in North Hollywood, exclusively presented by Nara Advisors. This two-story, single-building asset spans approximately 13,144 net rentable square feet on a 0.47-acre parcel and comprises 21 units, built in 1929 and continuously maintained for operational stability. Priced at $6,050,000, the acquisition represents a favorable entry at $460.29 per square foot and $288,095 per unit, positioning it competitively versus the North Hollywood industrial market and offering both secure in-place income and upside potential through lease-up of vacant spaces. The property currently generates an annual scheduled rent income of $751,140 with additional other income contributing to a gross potential income of $855,720. With a current vacancy rate of approximately 5.6%, new ownership can benefit immediately from stable occupancy and diversified income streams. Annual operating expenses are maintained at 37% of gross income, supporting an attractive current cap rate of 8.42% and a GRM of 8.05. Post-expense, the current net operating income reaches $509,482, translating to robust cash | flow and healthy debt service coverage, with a pre-tax cash-on-cash return of 6.6% on a 50% down payment scenario. Significant value-add potential exists via lease-up of vacant kitchens and optimization of market rents, with a pro forma scheduled rent income of $857,820 and gross potential income projected at $962,400. Under pro forma assumptions, the cap rate increases to 9.53% and GRM compresses to 7.05, while net operating income could reach $576,709. With efficient management and utilities paid by tenants, the operational framework minimizes landlord risk and supports further operating efficiencies.