5330 Satsuma AVE, North Hollywood, CA 91601
5330 Satsuma AVE, North Hollywood, CA 91601
5330 Satsuma AVE, North Hollywood, CA 91601
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$8,650,000
Est. payment /mo
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45 Beds
41 Baths
22,880 SqFt
Price Dropped by $345K

5330 Satsuma AVE North Hollywood, CA 91601

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 22,880 sqft

Price per Sqft $378

MLS Listing ID 26671447

Bedrooms 45

HOA Y/N No

Year Built 2005

Lot Size 0.418 Acres

Property 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 $378 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.

Location

State CA

County Los Angeles

Area Nho - North Hollywood

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Parking Features Gated

Community Features Gated

Total Parking Spaces 40

Building

Story 2

Entry Level Three Or More

Architectural Style Mediterranean

Level or Stories Three Or More

New Construction No

Others

Senior Community No

Tax ID 2416008046

Security Features Gated Community

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Michael Monempour Lyon Stahl Investment Real Estate, Inc. #01996829

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5330 Satsuma AVE

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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