Bungalow Style Units on 37,453 Lot | 11966 Saticoy St
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Bungalow Style Units on 37,453 Lot 11966 Saticoy St
7 Unit Apartment Building $3,118,434 CAD ($445,491 CAD/Unit) 5.59% Cap Rate North Hollywood, CA 91605
Investment Highlights
- Great North Hollywood Location
- Bungalow Style Units
- Secured Entry
- Large Lot 37,453 Square Feet
- ADU Potential
- One Non-Conforming Unit
Executive Summary
The APLA Group Is proud to Present 11966 Saticoy Street a Prime North Hollywood Investment Opportunity!
This multi-unit property offers an excellent mix of Bungalow Style Units with 4 Bedroom and two bath house divided into Two Bedroom and One Bath Units (One Non-Conforming), a Three Bedroom and One Bathhouse, and 5 One Bedroom and One Bath Houses . With a spacious lot of approximately 37,453 sq. ft., there's ADU potential for added value. The property includes on-site parking with storage, on-site laundry, and each unit is individually metered for gas and electric—maximizing cash flow and rental upside.
Located in a sought-after neighborhood, it's within walking distance to public transit and shopping, with easy access to CA-170 and I-5 freeways. Plus, you're just minutes from Burbank Airport, making this location incredibly convenient for tenants.
An ideal investment for those looking to capitalize on rental growth and development opportunities.
This multi-unit property offers an excellent mix of Bungalow Style Units with 4 Bedroom and two bath house divided into Two Bedroom and One Bath Units (One Non-Conforming), a Three Bedroom and One Bathhouse, and 5 One Bedroom and One Bath Houses . With a spacious lot of approximately 37,453 sq. ft., there's ADU potential for added value. The property includes on-site parking with storage, on-site laundry, and each unit is individually metered for gas and electric—maximizing cash flow and rental upside.
Located in a sought-after neighborhood, it's within walking distance to public transit and shopping, with easy access to CA-170 and I-5 freeways. Plus, you're just minutes from Burbank Airport, making this location incredibly convenient for tenants.
An ideal investment for those looking to capitalize on rental growth and development opportunities.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$266,813
|
$39.73
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$8,004
|
$1.19
|
| Effective Gross Income |
$258,809
|
$38.54
|
| Taxes |
$38,980
|
$5.80
|
| Operating Expenses |
$45,613
|
$6.79
|
| Total Expenses |
$84,593
|
$12.60
|
| Net Operating Income |
$174,216
|
$25.94
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $266,813 |
| Annual Per SF | $39.73 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $8,004 |
| Annual Per SF | $1.19 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $258,809 |
| Annual Per SF | $38.54 |
| Taxes (CAD) | |
|---|---|
| Annual | $38,980 |
| Annual Per SF | $5.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $45,613 |
| Annual Per SF | $6.79 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $84,593 |
| Annual Per SF | $12.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $174,216 |
| Annual Per SF | $25.94 |
Property Facts
| Price | $3,118,434 CAD | Apartment Style | Garden |
| Price Per Unit | $445,491 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.86 AC |
| Cap Rate | 5.59% | Building Size | 6,716 SF |
| Gross Rent Multiplier | 11.69 | Average Occupancy | 100% |
| No. Units | 7 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1947 |
| Property Subtype | Apartment |
| Price | $3,118,434 CAD |
| Price Per Unit | $445,491 CAD |
| Sale Type | Investment |
| Cap Rate | 5.59% |
| Gross Rent Multiplier | 11.69 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.86 AC |
| Building Size | 6,716 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1947 |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $13,583 CAD | - |
| 2+1 | 2 | $3,216 CAD | - |
| 3+1 | 1 | $2,604 CAD | - |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $6,890,635 CAD (2024) | |
| Land Assessment | $5,811,549 CAD (2024) | Annual Taxes | $38,980 CAD ($5.80 CAD/SF) |
| Improvements Assessment | $1,079,086 CAD (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$5,811,549 CAD (2024)
Improvements Assessment
$1,079,086 CAD (2024)
Total Assessment
$6,890,635 CAD (2024)
Annual Taxes
$38,980 CAD ($5.80 CAD/SF)
Tax Year
2023
zoning
| Zoning Code | LAR1 |
| LAR1 |
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Bungalow Style Units on 37,453 Lot | 11966 Saticoy St
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