Satsuma Townhomes 5330 Satsuma Ave 20 Unit Apartment Building $8,650,000 ($432,500/Unit) 5.36% Cap Rate North Hollywood, CA 91601

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 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 (15) 2-bedroom, 2.5-bath units and (5) 3 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.