5709 W Auckland Ave, North Hollywood
2024 New Const. 5-Unit
Located near Noho Arts | 100% leased!
Turnkey newer construction near the heart of the NoHo Arts District. 5709 W Auckland is a 2024-built, non-rent-controlled 5-unit that is 100% leased at market rents, delivering a strong 5.94% real cap rate and $243,720 in annual gross potential income. The nearly 8,000-square-foot property features an oversized unit mix with four large 4-bedroom residences, high-end modern interiors, central HVAC, in-unit laundry, and expansive private decks and balconies. All utilities are separately metered, and the property offers 10 on-site parking spaces. Offered at $3,175,000 just minutes from the NoHo Arts District, major studios, Metro access, dining, and entertainment.
The Important
Details
List Price:
Property Type:
Status:
# Units:
Year Built:
Cap Rate:
GRM:
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$3,175,000
5-Unit
Pre-Market
5
2024
5.94%
13.03
$243,720/Year
7,947 sqft
6,216 sqft
$399.52
$635,000
2x 4b/4b, 1x 4b/3b, 1x 4b/4.5b, 1x 2b/1b
No
10 Parking Spaces
No
Other Features:
Kitchen Islands, Balconies, Designer Finishes
The Highlights
2024-BUILT, NON-RENT-CONTROLLED 5-UNIT!
100% LEASED AT MARKET RENTS — fully stabilized with immediate cash flow from day one.
Strong 5.94% REAL CAP RATE with $243,720 in annual gross potential income.
Nearly 8,000 SF of building area with an oversized, highly desirable unit mix — including four large 4-bedroom units.
Massive residences ranging up to 2,146 SF, offering tenant-friendly layouts that live more like homes than apartments.
High-end modern interiors featuring large kitchen islands, floor-to-ceiling windows, built-in closets, central HVAC, in-unit Samsung washers/dryers, and designer finishes.
Huge private outdoor decks and balconies create valuable indoor/outdoor living space rarely found in comparable multifamily product.
10 parking spaces — 2 spaces per unit — including covered parking.
All utilities separately metered, helping keep operating expenses low and maximizing net income.
Prime location near the NoHo Arts District, major studios, Metro access, dining, entertainment, and key Valley employment hubs.
Excellent 1031 exchange / turnkey acquisition opportunity with the property already fully leased and stabilized.
The Neighborhood
<15-Minute Walk
Coffee for Breakfast, In-N-Out, Mofongos, India's Clay Pit, Tiara Street Park, United Children's Learning Academy, New Horizons Charter Academy, Los Burritos, NoHo MMA, "The Room" Live Escape Room
<15-Minute Drive
NoHo Arts District, The Federal, Amazon Fresh, Eat, Dave's Hot Chicken, Republic of Pie, 24 Hour Fitness, NoHo West, Trader Joe's, Laemmle NoHo7, North Hollywood Park, The Good Nite, Lawless Brewing
<$15 Uber Ride
Disney Studios, Tujunga Village, Aroma Cafe, Porto's Bakery, Target, Magnolia Park, Vitello's, Bob's Big Boy, The Thirsty Merchant, Whole Foods, Aeirloom Bakery, Forman's Whiskey Tavern, Jinya Ramen
Property Presented By:
