$3,500,000
Price
1
Bed
57
Baths
21,614 Sq. Ft.
$162 / Sq. Ft.
21,614
Sq. Ft.
$162
per Sq. Ft.

Description

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....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.

Property Details for 5535 Elmer Avenue

Parking Spaces Total
0
Private Pool
No
Total Units
57.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
21614
Assessor Parcel Number
2350-008-044
Property Attached YN
true
LISTING UPDATED: 08/08/2025 03:59 AM

Property Details for 5535 Elmer Avenue

StatusActive
MLS #SR25177485
Days on Market118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built2026
CountyLos Angeles County

Location

Listing Courtesy of Exclusive Estate Properties Inc, Sarkis Majarian, DRE #01337122
Add your commute

Building Information for 5535 Elmer Avenue

Building/Complex5535 Elmer AveFloor-Stories5Residences-Pet Policy-Pet Policy Details-Year Built2026Building Size-

Payment Calculator

$18,704 per month

30 year fixed, 6.28% Interest

Principal and Interest

$17,295

Property Taxes

$1,409

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5535 Elmer Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $118,600
  • Gross Scheduled Income: $118,600
  • Net Operating Income: $108,600
Expense Details
  • Operating Expense: $10,000
  • Fuel Expense: $0
  • Insurance Expense: $8,000
  • Professional Management Expense: $10,000
  • Trash Expense: $5,000
  • Water Sewer Expense: $10,000
  • Total Expenses: $23,000
Tax / Assessment Info
  • Tax Tract Number: 3617
  • Tax Census Tract: 1253.10
  • CFD/Mello-Roos Fee: $281
  • Tax Lot: 9
Community / Development
Community / Development
  • Community Features: Biking
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Fireplace Features: None
  • Fireplace Rooms: None
Exterior Features
  • Entry Location: street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 57
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Three Or More
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 40
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $88,000
  • Unit Type Pro Forma: 88000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 17
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $30,600
  • Unit Type Pro Forma: 30600
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 57
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 1

Property History for 5535 Elmer Avenue

DateEvent & SourcePriceAppreciation
Aug 10, 2025

Listed (Active)

CRMLS #SR25180344

$3,500,000
Aug 8, 2025

Listed (Active)

CRMLS #SR25177485

$3,500,000
Aug 8, 2025

Listed (Active)

CLAW #SR25180344MR

$3,500,000
Aug 8, 2025

Listed (Active)

CLAW #SR25177485MR

$3,500,000
Aug 8, 2025

Listed (Active)

SDMLS #SR25180344

$3,500,000
Aug 8, 2025

Listed (Active)

SDMLS #SR25177485

$3,500,000
Oct 24, 2024

Sold

CLAW #224003259VC

$1,400,000
Oct 24, 2024

Sold

VCRDS #224003259

$1,400,000
Oct 24, 2024

Pending

CLAW #224003259VC

Oct 24, 2024

Pending

VCRDS #224003259

Oct 24, 2024

Sold

CRMLS #224003259

$1,400,000
Oct 5, 2024

Expired

CRMLS #SR24045166

Oct 4, 2024

Expired

CLAW #SR24045166MR

$1,499,000
Aug 26, 2024

Accepting Backup Offers

VCRDS #224003259

Aug 25, 2024

Accepting Backup Offers

CRMLS #224003259

Aug 21, 2024

Sold (Public Record)

Public Record #1542975932

$1,400,000
Aug 5, 2024

Listed (Active)

CRMLS #224003259

$1,499,000
Aug 5, 2024

Listed (Active)

CLAW #224003259VC

$1,499,000
Aug 5, 2024

Listed (Active)

VCRDS #224003259

$1,499,000
Aug 1, 2024

Withdrawn / Cancelled

CLAW #SR24143104MR

Aug 1, 2024

Withdrawn / Cancelled

SDMLS #SR24143104

Aug 1, 2024

Withdrawn / Cancelled

CRMLS #SR24143104

$1,499,000
Jul 12, 2024

Listed (Active)

SDMLS #SR24143104

$1,499,000
Jul 12, 2024

Listed (Active)

CRMLS #SR24143104

$1,499,000
Jul 12, 2024

Listed (Active)

CLAW #SR24143104MR

$1,499,000
Jun 20, 2024

Withdrawn / Cancelled

CRMLS #SR24045166

$1,499,000
Jun 20, 2024

Expired

SDMLS #SR24045166

Jun 20, 2024

Withdrawn / Cancelled

CLAW #SR24045166MR

Jun 20, 2024

Withdrawn / Cancelled

SDMLS #SR24045166

Apr 25, 2024

Price Change

CLAW #SR24045166MR

$1,565,000
Apr 25, 2024

Price Change

CRMLS #SR24045166

$1,565,000
Apr 10, 2024

Price Change

CLAW #SR24045166MR

$1,599,000
Apr 10, 2024

Price Change

CRMLS #SR24045166

$1,599,000
Mar 5, 2024

Listed (Active)

SDMLS #SR24045166

$1,699,000
Mar 5, 2024

Listed (Active)

CRMLS #SR24045166

$1,699,000
Mar 4, 2024

Listed (Active)

CLAW #SR24045166MR

$1,699,000
Feb 21, 2024

Withdrawn / Cancelled

CLAW #SR24020682MR

Feb 21, 2024

Withdrawn / Cancelled

SDMLS #SR24020682

Feb 21, 2024

Withdrawn / Cancelled

CRMLS #SR24020682

$1,699,000
Jan 30, 2024

Listed (Active)

SDMLS #SR24020682

$1,699,000
Jan 30, 2024

Listed (Active)

CRMLS #SR24020682

$1,699,000
Jan 29, 2024

Listed (Active)

CLAW #SR24020682MR

$1,699,000
DateEvent & SourcePrice
08/10/2025

Listed (Active)

CRMLS #SR25180344

$3,500,000
08/08/2025

Listed (Active)

CRMLS #SR25177485

$3,500,000
08/08/2025

Listed (Active)

CLAW #SR25180344MR

$3,500,000
08/08/2025

Listed (Active)

CLAW #SR25177485MR

$3,500,000
08/08/2025

Listed (Active)

SDMLS #SR25180344

$3,500,000
08/08/2025

Listed (Active)

SDMLS #SR25177485

$3,500,000
10/24/2024

Sold

CLAW #224003259VC

$1,400,000
10/24/2024

Sold

VCRDS #224003259

$1,400,000
10/24/2024

Pending

CLAW #224003259VC

10/24/2024

Pending

VCRDS #224003259

10/24/2024

Sold

CRMLS #224003259

$1,400,000
10/05/2024

Expired

CRMLS #SR24045166

10/04/2024

Expired

CLAW #SR24045166MR

$1,499,000
08/26/2024

Accepting Backup Offers

VCRDS #224003259

08/25/2024

Accepting Backup Offers

CRMLS #224003259

08/21/2024

Sold (Public Record)

Public Record #1542975932

$1,400,000
08/05/2024

Listed (Active)

CRMLS #224003259

$1,499,000
08/05/2024

Listed (Active)

CLAW #224003259VC

$1,499,000
08/05/2024

Listed (Active)

VCRDS #224003259

$1,499,000
08/01/2024

Withdrawn / Cancelled

CLAW #SR24143104MR

08/01/2024

Withdrawn / Cancelled

SDMLS #SR24143104

08/01/2024

Withdrawn / Cancelled

CRMLS #SR24143104

$1,499,000
07/12/2024

Listed (Active)

SDMLS #SR24143104

$1,499,000
07/12/2024

Listed (Active)

CRMLS #SR24143104

$1,499,000
07/12/2024

Listed (Active)

CLAW #SR24143104MR

$1,499,000
06/20/2024

Withdrawn / Cancelled

CRMLS #SR24045166

$1,499,000
06/20/2024

Expired

SDMLS #SR24045166

06/20/2024

Withdrawn / Cancelled

CLAW #SR24045166MR

06/20/2024

Withdrawn / Cancelled

SDMLS #SR24045166

04/25/2024

Price Change

CLAW #SR24045166MR

$1,565,000
04/25/2024

Price Change

CRMLS #SR24045166

$1,565,000
04/10/2024

Price Change

CLAW #SR24045166MR

$1,599,000
04/10/2024

Price Change

CRMLS #SR24045166

$1,599,000
03/05/2024

Listed (Active)

SDMLS #SR24045166

$1,699,000
03/05/2024

Listed (Active)

CRMLS #SR24045166

$1,699,000
03/04/2024

Listed (Active)

CLAW #SR24045166MR

$1,699,000
02/21/2024

Withdrawn / Cancelled

CLAW #SR24020682MR

02/21/2024

Withdrawn / Cancelled

SDMLS #SR24020682

02/21/2024

Withdrawn / Cancelled

CRMLS #SR24020682

$1,699,000
01/30/2024

Listed (Active)

SDMLS #SR24020682

$1,699,000
01/30/2024

Listed (Active)

CRMLS #SR24020682

$1,699,000
01/29/2024

Listed (Active)

CLAW #SR24020682MR

$1,699,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5535 Elmer Avenue

Taxable ValueLand$1,269,000Additions$131,000Total$1,400,000
Tax Record2025$16,907 ($1,409 / month)
Home Facts
Beds2Total Finished SqFt1,014 SqFtAbove Grade Finished SqFt1,014 SqFtStories1Lot Size7,254 SqFtStyleSingle Family ResidenceYear Built1950ZoningLAR4CountyLOS ANGELESAPN2350-008-044

Schools near 5535 Elmer Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Lankershim Elementary School
PublicK to 5

Walter Reed Middle School
Public6 to 8

East Valley Senior High School
Public9 to 12

Science Academy STEM Magnet
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

5535 Elmer Avenue is a multi-family home for sale in North Hollywood, CA 91601. This property was listed for sale on August 8, 2025 by Exclusive Estate Properties Inc, it's currently listed at $3,500,000. It has been on the market for a total of 118 days and was last sold on October 24, 2024. This listing's school district is Los Angeles Unified School District. Nearby schools include Lankershim Elementary School, Walter Reed Middle School and East Valley Senior High School. 5535 Elmer Avenue is a 1-bed, 57-bath, 21,614 sqft multi-family home built in 2026.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Exclusive Estate Properties Inc, Sarkis Majarian, DRE #01337122

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.