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5330 Satsuma Avenue, North Hollywood, CA 91601
Priced at Only: $8,995,000
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Address: 5330 Satsuma Avenue, North Hollywood, CA 91601
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  • MLS#: 26671447 ( )
  • Street Address: 5330 Satsuma Avenue
  • Viewed: 10
  • Price: $8,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2005
  • Bldg sqft: 0
  • Days On Market: 15
  • Additional Information
  • County: LOS ANGELES
  • City: North Hollywood
  • Zipcode: 91601
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Michael Michael
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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, turnkey 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 fifteen two bedroom, 2.5 bath units and five three 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.
Features
Architectural Style
  1. Mediterranean
Building Area Total
  1. 22880.00
Cooling
  1. Central Air
Country
  1. US
Heating
  1. Central
Levels
  1. Three Or More
Netoperatingincome
  1. 449644.00
Parcel Number
  1. 2416008046
Parking Features
  1. Gated
Security Features
  1. Gated Community
Sourcesystemkey
  1. 26671447:CLAW
Tenant Pays
  1. Gas
  2. Electricity
Totalexpenses
  1. 222217.00
Vacancyallowance
  1. 20779
Views
  1. 10
Year Built
  1. 2005
Zoning
  1. LAR3
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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