Updated August 27, 2026
10 buildings, 177 units, $44.5M.
| Year | Closings | Median per unit |
|---|---|---|
| 2012 | 1 | $123,333 (one sale) |
| 2013 | 1 | $224,828 (one sale) |
| 2014 | 2 | $193,667 |
| 2016 | 2 | $338,207 |
| 2023 | 1 | $290,000 (one sale) |
| 2024 | 1 | $362,500 (one sale) |
| 2025 | 2 | $345,938 |
The gap in the middle is the story. Activity, then a long quiet stretch, then a cluster of recent closings. Years resting on a single sale are labeled as such rather than presented as a market reading — why one sale is not a median.
| Building size | Closings | Median per unit | Range |
|---|---|---|---|
| 4–10 units | 5 | $362,500 | $123,333 – $490,000 |
| 11–25 units | 2 | $193,667 | $190,333 – $197,000 |
| 26–50 units | 3 | $224,828 | $186,413 – $329,375 |
It does not run cleanly in one direction. Small buildings do price highest, as they do almost everywhere — but the 26-to-50 band prices above the 11-to-25 band rather than below it.
Ten closings split three ways cannot settle why. Two of these three bands rest on three closings or fewer, which is thin enough that a single building moves the figure. Read the bands as what happened, not as a rule about size in North Hollywood, and start from buildings that resemble yours rather than from the band.
The B Line terminus opened in June 2000, putting North Hollywood a direct ride from downtown and turning the area around Lankershim into the most actively redeveloped part of the Valley. The NoHo Arts District branding followed.
That is why North Hollywood is the Valley submarket where the redevelopment buyer is most present. On a big-enough site near the station, a buyer is not underwriting your rent roll at all — they are underwriting what replaces the building. Those two buyers produce very different numbers, and which one is bidding depends mostly on parcel size and distance to the station.
Distance to the B Line terminus, which is the single largest differentiator inside this submarket.
Rent position against the RSO cap. North Hollywood is City of Los Angeles, so the Rent Stabilization Ordinance governs the pre-1978 stock.
The soft-story retrofit position, on the postwar walk-ups that make up most of the inventory.
Measure ULA, on the gross price, above the City threshold.
Ten buildings across a span that includes a multi-year gap, from one desk's record. No cap rates, rents or income figures — the archive does not hold them. The full methodology is at how these numbers are produced.
Request a free evaluation of your building →
Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →