5535 Elmer Avenue North Hollywood, CA ^$ 3,500,000

5535 Elmer Avenue

^$ 3,500,000

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New Construction

5535 Elmer Avenue

North Hollywood, CA, 91601

^$ 3,500,000

Studio Baths1.0 Sq 21,614

Monthly Estimate*

^$ 21,835

Listed by Exclusive Estate Properties Inc

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Studio

Multi-Family Home for sale in North Hollywood, CA

for $3,500,000 with 1 full bath. This 21,614 square foot home was built in 2026 on a lot size of 0.1666.

ED1 DEVELOPMENT OPPORTUNITY IN THE HEART OF NoHo Arts District – RTI Plans for 57 Units, with zero parking requirement! Prime location offers unparalleled convenience, situated just steps from the Metro station, renowned dining, vibrant bars, and premier entertainment options that define North Hollywood’s dynamic lifestyle. This property will be delivered with RTI plans, fully approved for the construction of a 57-unit development—offering a streamlined path for development in a high-demand area. Complete project documentation will be available to serious buyers with qualifying offers.

Multi-Family Active

Price

^$ 3,500,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1666

Year Built

2026

Town/City

North Hollywood

County/Region

Los Angeles

MLS | Web ID

SR25177485

Days on Market

137

Features

General

Sewer Public Sewer

Zoning LAR4

HOA Fee 0

Garage Spaces 0

Pool Features None

Year Built 2026

Levels Three Or More

Property Subtype Apartment

Gross Income 118600

Community Features Biking

County Los Angeles

Net Operating Income 108600

Operating Expense 10000

Insurance Expense 8000

New Construction 1

Property Type Residential Income

HOA 0

Contingency none

Garage Y/N 0

Special Listing Conditions Standard

Status Active

Directions East of Lankershim & North of Cumpston

City North Hollywood

Entry Location street

Senior Community Y/N 0

Open Parking Spaces 0

Number Of Units Total 57

MLS Area NHO - North Hollywood

Lot Size Units Square Feet

Lot Size Square Feet 7257

Carport Spaces 0

Listing Terms Cash Conventional Submit

Property Attached Y/N 1

Land Lease Y/N 0

Fuel Expense 0

Trash Expense 5000

Water Sewer Expense 10000

Additional Parcels Y/N 0

Rent Control Y/N 1

Building Area Units Square Feet

Standard Status Active

Year Built Source Builder

Tax Lot 9

Property Sub Type Additional Apartment

Interior

Fireplace Features None

Total Stories 5

Common Walls 2+ Common Walls

Fireplace Y/N 0

Laundry Features Common Area

Entry Level 1

Exterior

Parking Features None

Lot Features 0-1 Unit/Acre

Water Source Public

Total Parking 0

Lot Size Area 7257

Number of Buildings 1

Building Area Total 21614

Lot Size Acres 0.1666

Private Pool 0

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 0

Number of Separate Electric Meters 57

* Excluded Features

List By

Exclusive Estate Properties Inc

Broker

jon@jonmajarian.com

Affordability Calculator

$21,835

Per Month

Monthly Principal & Interest: $21,835
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in North Hollywood, CA

Average List Price ^$3,076,324

Percent of Sale Price 12%

About North Hollywood, CA

158,455 Population

0% Since 2002

^$0 Median Income

0 Median Age

35% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$3,500,000		Listed Price

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5535 Elmer Avenue, North Hollywood, CA, 91601 is a Multi-Family Home for sale at $3,500,000 with 21,614 sqft and a lot size of 0.1666. 5535 Elmer Avenue is a studio with 1.0 baths and was built in 2026. The property's zip code is 91601 which is in North Hollywood, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/23/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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5535 Elmer Avenue

Multi-Family Home for sale in North Hollywood, CA

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