North Hollywood
North Hollywood (NoHo) is a dynamic, arts-driven neighborhood in the eastern San Fernando Valley that has become increasingly popular among multifamily investors. Known for its creative energy, transit access, and ongoing revitalization, NoHo offers a strong combination of rental demand and long-term growth potential.
The neighborhood is roughly bounded by the 101 Freeway to the south, with Magnolia Boulevard and Burbank Boulevard serving as key commercial corridors. It borders Studio City and Toluca Lake to the west, Burbank to the east, and Universal City to the south. The NoHo Arts District along Lankershim Boulevard is a major draw, featuring theaters, galleries, restaurants, and entertainment venues.
North Hollywood benefits from excellent connectivity, including the Metro Red Line station, making it attractive to young professionals, entertainment industry workers, and creatives. Residents enjoy a vibrant urban-suburban mix with diverse dining, shopping at NoHo Commons, and proximity to Universal Studios Hollywood and the Hollywood Bowl.
2025 North Hollywood Market Statistics at a Glance
North Hollywood Annual Multifamily Apartment Building Sales Statistics*
Buildings Sold: 63
Avg. Sale Price: $3,522,783
Avg. Price/Unit: $232,984
Avg. Months to Sale: 4 mos
Avg. Price/SF: $277
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Average Rent vs Vacancy Rate- Historical & Estimated
2025 Q3: North Hollywood, California Multifamily Average Market Rent: $2,405 Average Vacancy Rate: 5.3%Average GRM and Cap Rate- Historical
2025: North Hollywood, California multifamily apartment average GRM: 12.6 Average Cap Rate 5.9%Number of Multifamily Buildings Sold- Historical
2025: North Hollywood, CA Multifamily Buildings Sold: 63Average Price/Unit and Price/SF- Historical
2025: North Hollywood, California Multifamily Average Price/Unit Sold: $232,984 Price/SF Sold: $277.13Historical and estimated market statistics for the North Hollywood, California multifamily apartment building submarket. The graphs above show the average Price/Unit, Price/SF, GRM, Cap Rate, Average Asking Market Rent and Vacancy for North Hollywood multifamily apartment buildings for the years 2020-2025. *All data has been obtained from CoStar. Jake Plewa, the Taksa Investment Group and ReMax Commercial cannot guarantee the accuracy of the data above. The graphs and statistics are for information purposes only. Los Angeles Apartment Brokerage Services
We are a full-service real estate brokerage specializing in Los Angeles apartment building sales and multifamily transactions. With a powerful nationwide network of lenders, brokers, and industry professionals, we deliver exceptional results for apartment building owners and investors both locally in Greater Los Angeles and across the United States.
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Our experienced team delivers accurate apartment building valuations and multifamily property valuations throughout NOHO and the San Fernando Valley. Using in-depth market analysis and recent comparable sales (comps), we help apartment owners determine true market value — ideal for inherited buildings, estate planning, or tax purposes.
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Our experienced team specializes in representing sellers of North Hollywood apartment buildings and multifamily properties. We provide unmatched buyer exposure through our nationwide network, strategic marketing on LoopNet, CoStar, CREXi, and MLS, and targeted campaigns that attract serious investors fast.
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Our experienced team expertly guides investors through 1031 exchanges, helping you identify the ideal replacement property — particularly in sought-after NNN properties and triple net lease investments. We manage the full 1031 exchange process with confidence, supported by a proven track record and an extensive network of NNN experts.
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Whether you're completing a 1031 exchange or seeking a passive investment, our nationwide network connects you with premium NNN properties, triple net lease investments, and high-quality single-tenant replacement properties. We help you find the right assets for steady cash flow and minimal management, backed by deep relationships across the U.S.