

Listed by Equity Union
$1,195,000
5335 Harmony Avenue
Details
APN 2416008016
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 2,297
Units 8
Cap Rate 8.84%
NOI $105,682
Pro-Forma Cap Rate 9.53%
Pro-Forma NOI $113,830
Year Built 1955
Buildings 1
Stories 2
Acreage 0.174
Zoning Assessor
Multifamily | 8 Units | $149,375/unit
Marketing description
We are proud to represent this 8 unit property in North Hollywood. The property was constructed in 1955. Its unit mix consists of (4) studio units and (4) 1+1 units. With a lot size of 7,514 square feet, the property has a total of 2,297 rentable square feet. North Hollywood offers many things to see and do, especially in its NoHo Arts District, which has been greatly expanding into a hip, pedestrian-friendly urban village. North Hollywood has historic shopping and interesting local restaurants and bars that make it a diverse, thriving neighborhood. It is home to many theatres, art galleries, cafes, music recording venues, and shops. Its residents have easy access of public transportation with the Metro rail stations and the North Hollywood Red Line and Orange line bus ways. They also have easy access to the 101, 170, and 134 freeways. North Hollywood is currently working on a $1 billion mixed-use development at Lankershim and Chandler; the project will re-develop 15.6 acres of commercial and residential space, including 562 residential units and three high-rise office towers. This, combined with an already thriving Arts District, makes North Hollywood a smart place to invest.
Investment highlights
- 8 unit reposition play in NoHo
- Each unit has central HVAC units
- First floor units are currently rented to Section 8 tenants
- Property is a fixer and currently has 5 vacancies. A 6th unit can be delivered vacant
- Building is listed at a 7.6 GRM and 8.84 CAP. It is priced to sell quickly
Listing Contacts


Listed by Equity Union
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$105,682.00
$8,806.83/mo
Valuation Metrics
0
DSCR
8.84%
Cap Rate
8.84%
ROI
Map
Zoning
MR1-1VL IndustrialRestricted Industrial Very Limited Height District
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View all 790 uses
View all 790 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
Tax History
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