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5233 Lemp Ave 2 Unit Apartment Building Offered at $1,932,883 CAD at a 4.01% Cap Rate North Hollywood, CA 91601
Executive Summary
Set on a generous 6,800 square foot lot, this charming California Traditional property offers a rare blend of comfort, functionality, and location, positioned immediately adjacent to the highly regarded Oakwood School. The thoughtfully landscaped grounds feature drip and sprinkler irrigation, ambient landscape lighting, and a serene in-ground hot tub spa with lighting, perfect for relaxing evenings. A plum tree enhances the backyard, while practical upgrades such as a water softener add to the home’s everyday livability. The main residence spans approximately 1,275 square feet and includes two bedrooms and two bathrooms. Interior highlights include a formal entryway, a dedicated dining room, and a welcoming living room centered around a wood-burning fireplace, which is already plumbed for gas. The kitchen comes fully equipped, featuring a brand-new 36-inch refrigerator, and both the washer and gas dryer are included. Bedrooms have dual-pane glass for added comfort. The home also offers permitted extra parking in front and is serviced by a new HVAC system. Complementing the main house is a versatile 298 square foot ADU, complete with a 3/4 bathroom with a certificate of occupancy 3/28/18 (non-rent controlled). This private space features French doors, a two-burner gas stove, tankless water heater, gas heater, and durable luxury vinyl plank flooring. The ADU is internet-ready with Spectrum service and includes a separate electric submeter (owner-monitored), while gas and electricity are shared with the main house. This unique property presents an exceptional opportunity to enjoy classic California living with added flexibility, security, and income or guest potential.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$113,471
|
$72.14
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$113,471
|
$72.14
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$35,940
|
$22.85
|
| Net Operating Income |
$77,532
|
$49.29
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $113,471 |
| Annual Per SF | $72.14 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $113,471 |
| Annual Per SF | $72.14 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,940 |
| Annual Per SF | $22.85 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $77,532 |
| Annual Per SF | $49.29 |
Property Facts
| Price | $1,932,883 CAD | Property Type | Multifamily |
| Price Per Unit | $966,441 CAD | Lot Size | 0.16 AC |
| Sale Type | Investment | Building Size | 1,573 SF |
| Cap Rate | 4.01% | No. Stories | 1 |
| Gross Rent Multiplier | 17.03 | Year Built | 1936 |
| No. Units | 2 |
| Price | $1,932,883 CAD |
| Price Per Unit | $966,441 CAD |
| Sale Type | Investment |
| Cap Rate | 4.01% |
| Gross Rent Multiplier | 17.03 |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.16 AC |
| Building Size | 1,573 SF |
| No. Stories | 1 |
| Year Built | 1936 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| Studios | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
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5233 Lemp Ave
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