North Hollywood Multifamily Broker: Apartment Building Sales
North Hollywood is one of the San Fernando Valley’s fastest-changing submarkets, anchored by the NoHo Arts District and one of LA Metro’s busiest transit hubs at North Hollywood Station. Highlight has closed value-add sales here, including the soft-story retrofit property at 6938 Coldwater Canyon Ave.
Get a Free Broker Opinion of Value in North Hollywood (NoHo)Transit Access
- Metro B Line (Red) & G Line (Orange): North Hollywood Station
- Major Valley transit hub connecting to Downtown LA and the Orange Line busway
Local Retail
- NoHo Arts District theaters, galleries, and restaurants
- Lankershim Blvd and Magnolia Blvd corridors
Major Employers
- Warner Bros. and Universal Studios (Burbank, adjacent)
- NoHo Arts District entertainment and hospitality employers
North Hollywood (NoHo) Multifamily Sales So Far This Year
Buildings built before 1978 fall under the LA Rent Stabilization Ordinance (RSO) and trade differently than newer buildings under AB 1482, so we break them out separately. Confirmed North Hollywood (NoHo) sales through September 2026. Figures are shown only when there are enough sales to be meaningful.
Built Before 1978 (RSO)
- Median Price Per Unit
- $189,500
- 27 North Hollywood (NoHo) sales
- Median Price Per SF
- $247
- 27 North Hollywood (NoHo) sales
- Typical Cap Rate
- 5.55% – 6.98%
- 24 North Hollywood (NoHo) sales
Built 1978 or Later (AB 1482)
- Median Price Per Unit
- $230,000
- 7 North Hollywood (NoHo) sales
- Median Price Per SF
- $288
- 7 North Hollywood (NoHo) sales
- Typical Cap Rate
- 5.00% – 5.80%
- 6 North Hollywood (NoHo) sales
Curious what your own North Hollywood (NoHo) property could be worth? Try our free value calculator →
North Hollywood Apartment Owners: A Transit Hub With a Very Large Neighbor on the Way
North Hollywood Station is where the Metro B Line subway ends and the G Line busway runs through, one of LA Metro’s busiest transit hubs. On Metro-owned land right at that station, a very large development has been approved, and it is the biggest local fact an NoHo apartment owner should have in mind.
- 11.8 acresDistrict NoHo site at the North Hollywood station
- 1,400+apartments planned when complete
- 311+affordable homes in the early phases (under 60% of area median income)
Know what is coming next door
The Metro Board approved District NoHo in October 2024. Metro’s announcement gives no construction schedule, so it is a long-term change, not an event this year. New apartments near the station give renters more choice, and buyers will ask how older buildings compete. Be ready to show your rents, parking, and condition.
Have your soft-story paperwork ready
LA requires older wood-frame apartment buildings with weak ground floors (think tuck-under parking) to be retrofitted, and buyers and lenders ask for the certificate of compliance. We sold 6938 Coldwater Canyon Ave, a soft-story retrofit property, and we know what buyers want to see.
Older and newer buildings sell differently here
North Hollywood has enough sales of buildings built in 1978 or later that we show them separately from older rent-controlled buildings in the sales data above. If your building is newer, the statewide AB 1482 rent cap applies, not LA’s Rent Stabilization Ordinance, and buyers price the two differently.
We have closed sales in North Hollywood, including the 10-unit 6938 Coldwater Canyon Ave, a soft-story retrofit property.
Sources: LA Metro press release, October 3, 2024 (District NoHo); walkscore.com. Checked October 2026.
Rent Control in North Hollywood, in Plain English
North Hollywood is inside the City of Los Angeles, so most older apartment buildings here fall under LA’s Rent Stabilization Ordinance (RSO). Rent control is the biggest single factor in what a buyer will pay, because buyers price in how far below market the current rents are. Here is how to tell which rules cover your building.
- Rent can rise once a year by the city’s set percentage: 3% from July 1, 2026 to June 30, 2027
- Tenants can only be evicted for reasons the ordinance allows
- No-fault move-outs require relocation payments
- The building must be registered with the LA Housing Department every year
- LA’s Just Cause Ordinance limits evictions
- Once a building is more than 15 years old, the statewide AB 1482 cap (5% plus inflation, up to 10%) may apply
- Confirm the status of your units with the city or an attorney
Three rent control rules every North Hollywood seller should know
- Market rent comes back only when a tenant leaves on their own. Under the state’s Costa-Hawkins law, you can set a new rent when a tenant moves out voluntarily. That reset is the upside buyers are paying for.
- You can only raise rent if your registration is current. LA requires every RSO building to be registered and its fees paid each year. Buyers check this, and gaps become credits in escrow.
- Relocation payments rise every July. If a buyer plans to renovate or redevelop, the relocation cost for each tenant is part of their math, and it shows up in their offer.
How Many Units Before Measure ULA Hits a North Hollywood Building?
Measure ULA, the City of LA’s “mansion tax,” takes 4% of the entire price once a sale goes over $5.4 million, and 5.5% at $10.9 million or more. At North Hollywood’s median of $189,500 per unit for older buildings, that line arrives at about 29 units. Here is what that looks like.
Illustration only, using the median price per unit for North Hollywood buildings built before 1978 (January-September 2026). Your building’s price depends on its own rents and condition. ULA thresholds for closings after June 30, 2026, from the City of Los Angeles Office of Finance.
Going from 28 to 29 units adds about $189,500 in value but can add roughly $219,820 in tax. If your building is anywhere near the line, price it with the tax in mind and compare offers on what you keep, not the headline number. Our guide to Measure ULA thresholds walks through the “dead zone” above each line.
Three Moves to Make Before You List a North Hollywood Building
Take this year’s rent increase first
Buyers pay for the rent roll they see. If you have skipped the 3% RSO increase, serve the notices before you list (one increase per 12 months, and only with current registration).
Have your soft-story certificate ready
LA requires older wood-frame buildings with weak ground floors (think tuck-under parking) to be retrofitted, and most deadlines have passed. Buyers and lenders expect the city’s certificate of compliance. Find yours, or the permits showing the work is underway, before a buyer asks.
Know your “rent gap”
List each unit’s rent, move-in year, and what a vacant unit would rent for today. The gap between the two is the upside buyers are paying for. Having it ready shows that upside and keeps the price conversation on your terms.
What North Hollywood Apartment Buildings Sell For
Older, rent-controlled buildings in North Hollywood sold for a median of $189,500 per unit in January-September 2026, across 27 sales, with cap rates typically between 5.55% and 6.98%. Here is how that compares with the other neighborhoods we cover.
Source: Highlight Multifamily Group analysis of CoStar sold multifamily comps. Neighborhoods with fewer than 3 sales are left out.
What to Gather Before Selling a North Hollywood Apartment Building
- Current rent roll with each tenant’s move-in date and current rent
- This year’s LA Housing Department registration and proof the fees are paid
- Copies of the last rent increase notices served
- Soft-story certificate of compliance, or permits for work underway
- Your SB 721 balcony and stair inspection report, if the building has elevated wood balconies, decks, or stairs (see our SB 721 guide)
- A zoning printout for your parcel from the city’s ZIMAS site
- Two years of operating expenses and utility bills
- Any buyout agreements, relocation payments, or pending tenant matters
Not sure where to start? We will walk you through it as part of a free Broker Opinion of Value. Request yours here.
Closed Sales in North Hollywood (NoHo)
Thinking of Selling an Apartment Building in North Hollywood?
North Hollywood Multifamily FAQs
What is the price per unit for an apartment building in North Hollywood?
Among buildings built before 1978 sold in North Hollywood so far in 2026, the median price per unit was $189,500 across 27 sales, and the median price per square foot was $247. Figures are through September 2026 and move with the market.
What cap rate do North Hollywood apartment buildings sell for?
Buildings built before 1978 sold in North Hollywood in 2026 had a typical cap rate range of 5.55% – 6.98%, based on 24 sales that reported one (the middle half of those sales). Cap rates vary with building age, condition, and rent levels, so your building can sit above or below the range.
Does rent control apply to apartment buildings in North Hollywood?
North Hollywood is in the City of Los Angeles. Buildings with a certificate of occupancy issued before October 1, 1978 are generally covered by the Rent Stabilization Ordinance, and newer buildings typically fall under the statewide AB 1482 cap. Rent control affects value because buyers price in below-market rents, as we explain in our guides.
2026 AB 1482 rent cap · Selling with rent-controlled tenants
How much can landlords raise rent on rent-controlled apartments in North Hollywood?
Under the LA Rent Stabilization Ordinance, the allowable increase is 3% from July 1, 2026 through June 30, 2027. Rent can go up once every 12 months, with proper notice, and only if the building's registration with the LA Housing Department is current.
Does Measure ULA apply to North Hollywood apartment buildings?
Yes. North Hollywood is in the City of Los Angeles, so sales above $5.4 million pay a 4% ULA tax on the entire price, and sales at $10.9 million or more pay 5.5%. At North Hollywood's 2026 median of $189,500 per unit for older buildings, a building of about 29 units or more is likely to cross the $5.4 million line.
How do I find out if my North Hollywood apartment building is rent controlled?
Look up your address on the City of Los Angeles’ ZIMAS site. Under the Housing section, the Rent Stabilization Ordinance (RSO) field says Yes if at least one unit in the building is covered, so a building can be only partly covered. Buildings first occupied on or before October 1, 1978 are generally covered, and newer buildings typically fall under the statewide AB 1482 cap. The LA Housing Department answers questions at (866) 557-7368.
What is District NoHo?
District NoHo is a large joint development on Metro-owned land at the North Hollywood Station, approved by the Metro Board on October 3, 2024. It covers 11.8 acres and plans more than 1,400 apartments, about 570 in the first phase, with at least 311 reserved for households earning under 60% of the county median income. Metro has not announced a construction schedule.
What Metro lines serve North Hollywood?
North Hollywood Station is the end of the B Line (Red) subway and a stop on the G Line (Orange) busway, with connections to many bus lines. It links the Valley to Hollywood and Downtown LA.
What apartment buildings has Highlight sold in North Hollywood?
Highlight has closed sales in North Hollywood, including 5631 Whitnall Hwy (4 units, $2.52M), 11264 Morrison St (6 units, $1.94M), and 6938 Coldwater Canyon (10 units, $1.85M). Every closed sale is listed with its details on our closed sales page.
5631 Whitnall Hwy · 11264 Morrison St · 6938 Coldwater Canyon · All closed sales
Why do investors buy apartment buildings in North Hollywood?
North Hollywood is in San Fernando Valley, with a Walk Score of 67 (Somewhat Walkable; 48th most walkable neighborhood in LA) and a Transit Score of 47. Transit includes Metro B Line (Red) & G Line (Orange): North Hollywood Station. Nearby employers and anchors include Warner Bros. and Universal Studios (Burbank, adjacent), and NoHo Arts District entertainment and hospitality employers.
Are there apartment buildings for sale in North Hollywood right now?
Yes. We currently have 5631 Whitnall Hwy (4 units, $2.50M) available in North Hollywood.
What is my North Hollywood apartment building worth?
Start with our free property value calculator, which prices your building using North Hollywood's own 2026 sales. Then request a free Broker Opinion of Value for a number based on your actual rent roll, expenses, and condition.
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