Own a building here? North Hollywood multifamily broker — Michael Sterman’s closing record, comparables and process →
North Hollywood (NoHo) is a neighborhood in the southeastern San Fernando Valley. NoHo Arts District has a concentrated theater and creative-class identity; surrounding residential areas are more conventionally Valley-suburban.
Sun Valley to the north, Burbank to the north-east and east, Toluca Lake to the south-east and south, Studio City to the south-west, and Valley Village and Valley Glen to the west.
A City of Los Angeles neighborhood of about 5.87 square miles with roughly 64,600 residents — around 13,000 people per square mile, denser than most of the Valley and concentrated hardest around the Metro terminus.
About 80,000 residents — a diverse working-class and middle-class demographic mix with significant Armenian-American population, Latino majority, and a growing creative-class community concentrated in the NoHo Arts District.
North Hollywood splits sharply by distance from the B Line terminus. Around the station and the NoHo Arts District there is genuine post-1995 and post-2010 podium construction, Costa-Hawkins exempt and institutionally owned. Move a few blocks out and the stock reverts to 1950s and 1960s Valley walk-ups, almost all of it pre-1978 and therefore under LA City RSO. Two buildings a ten-minute walk apart can sit under different rent rules and attract entirely different buyers.
For what that looks like in practice: the 11 North Hollywood apartment buildings in our own closed record run from 5 to 46 units, with a median of 14. See every one of them →
The everyday type is the postwar stucco walk-up over tuck-under parking. What distinguishes North Hollywood is what sits between them: programmatic and roadside architecture from the era when this was still Lankershim, and a 1960s civic-modern layer around the arts district. Tuck-under parking is what creates a soft story — a ground floor with too few shear walls to brace the floors above — and it is the reason Los Angeles adopted Ordinance 183893 in January 2015, under which the city identified roughly 13,500 buildings needing seismic retrofit. What the retrofit ordinance means when you sell →
| Building | Year | Why it matters |
|---|---|---|
| Idle Hour Café | 1941 | 4824 Vineland Avenue — a barrel-shaped building with a cafe, a tap room and an apartment in the head of the barrel; one of the best surviving pieces of programmatic architecture in Los Angeles. |
| Dubnoff Center Building | 1968 | Designed in 1965 by Ena Dubnoff with Flores, Gelman and Green. |
| St. Charles Borromeo Church | 1959 | Spanish Colonial Revival, on Moorpark Street. |
Los Angeles adopted its Historic Preservation Overlay Zone ordinance in 1979 and had designated 35 HPOZ neighborhoods by 2023. Inside one, all exterior work goes through additional review by an HPOZ board working from a published preservation plan, which constrains what a buyer can do with a building. Boundaries are parcel-specific; confirm any address against the city’s own map before assuming either way. North Hollywood has no HPOZ. The San Fernando Valley’s three designated districts are Van Nuys, Balboa Highlands and Stonehurst.
Entertainment and creative work tied to the Arts District and proximity to Burbank/Studio City studios. Retail along Lankershim and Magnolia. Small-scale manufacturing and services.
Metro B Line (Red) terminates at North Hollywood station. Metro Orange Line (G Line) connects to Chatsworth. Major NoHo Transit Village development around the terminus.
The Metro B Line subway terminates here — the station opened in June 2000 — and the G Line busway begins across the street, making this the Valley’s single busiest transit interchange. Buildings within walking distance sit in a Transit Oriented Communities tier, which is why the blocks around the terminus have redeveloped at a density found nowhere else in the Valley.
LAUSD. North Hollywood High School has a highly-regarded Highly Gifted Magnet program.
North Hollywood High School and East Valley High School serve the neighborhood, with James Madison and Roy Romer middle schools and Lankershim, Fair Avenue, Oxnard Street and Victory Boulevard elementaries. Oakwood School and The Wesley School are the established independent options.
NoHo Arts District, El Portal Theatre, Whitsett-area theater cluster, Academy of Television Arts & Sciences (Television Academy / Emmys headquarters).
North Hollywood Park, Victory Park, North Hollywood Recreation Center, the LA River Bike Path (which runs through the neighborhood), and the Laurel Canyon corridor trails.
| Park | What is there |
|---|---|
| North Hollywood Park | The neighborhood’s largest park, with the Amelia Earhart Regional Library on its edge. |
| Valley Plaza Recreation Center | Fields and a recreation center serving the western blocks. |
| The Los Angeles River bike path | The paved river path runs along the southern edge, connecting toward Burbank and Griffith Park. |
The NoHo Arts District concentrates independent restaurants, cafes, and bars around a pedestrian-friendly theater-arts core. Lankershim Boulevard and Magnolia Boulevard host diverse dining reflecting the neighborhood's immigrant communities.
| Institution | Since | Detail |
|---|---|---|
| Idle Hour Café | 1941 | The barrel on Vineland — closed for decades and restored, and now a NoHo landmark again. |
| El Portal Theatre | the 1920s | The Lankershim Boulevard theater that anchors the NoHo Arts District; damaged in the 1994 Northridge earthquake and restored. |
| North Hollywood station (Metro B Line) | 2000 | Opened June 2000; the Valley end of the subway and the single biggest driver of land value here. |
NoHo Arts District programming (theater, dance, visual arts). NoHo Summer Nights series. Emmy Awards (when held at the Television Academy's North Hollywood headquarters, now Hollywood-based).
The Academy of Television Arts & Sciences (the Television Academy / Emmys) is headquartered in North Hollywood. The NoHo Arts District's concentration of small theaters is one of the largest such clusters on the West Coast.
Represented by the NoHo Neighborhood Council and the Mid-Town North Hollywood Neighborhood Council.
Named North Hollywood in 1927 to associate with Hollywood's brand. Developed rapidly post-WWII. The Arts District identity emerged in the 1970s-80s. The Red Line extension in 2000 and Orange Line in 2005 catalyzed new multifamily construction around the transit node.
| Year | What happened |
|---|---|
| 1887 | J. B. Lankershim and eight other developers organize the Lankershim Ranch Land and Water Company in October. |
| 1888 | Ready-made small farms go on sale on April 1. |
| 1896 | The post office at Toluca is renamed Lankershim. |
| 1919 | West Lankershim agrees to annexation by the City of Los Angeles; the rest follows in 1923. |
| 1927 | Lankershim is renamed North Hollywood, to trade on the glamour of the neighborhood over the hill. |
| 1941 | The Idle Hour opens on Vineland Avenue in its barrel-shaped building. |
| 2000 | The Metro B Line subway station opens in June, making North Hollywood the Valley terminus of the rail network and resetting land values around it. |
Every figure below is computed from the Sterman Multifamily Group’s own closed record in North Hollywood — not from a market report. Price per door falls as buildings get bigger, which is why this is banded by size rather than given as one number: comparing a six-unit building to a forty-unit building on price per unit compares two different products. Across all 11 closings the median is $271,429 per unit.
| Building size | Closings | Median per unit | Range per unit |
|---|---|---|---|
| 4–10 units | 5 | $362,500 | $123,333 – $490,000 |
| 11–25 units | 3 | $197,000 | $190,333 – $271,429 |
| 26–50 units | 3 | $224,828 | $186,413 – $329,375 |
The largest closing in the North Hollywood record is 10933 Huston St at $13,175,000 (40 units); the smallest is 5229 Satsuma Avenue at $740,000 (6 units). The record here runs from 2012 to 2026, and the busiest single year was 2025 with 2 closings.
How these figures are calculated, and what we do not claim →
Repeat presence on one street is worth more to a North Hollywood owner than a citywide total: it means the buyer pool, the rents and the quirks of that block are already known here. These are the North Hollywood streets where the Sterman Multifamily Group has closed more than one building — 2 buildings across 1 street.
| Street | Buildings | Units | Years |
|---|---|---|---|
| Camarillo Street | 2 | 16 | 2024–2025 |
These are the 26 Los Angeles submarkets where the group has closed the most buildings, on our own record rather than a published index. The spread is the reason a citywide per-unit figure is close to useless for pricing a specific building.
| Submarket | Buildings | Units | Median per unit | Size range |
|---|---|---|---|---|
| Hollywood | 24 | 562 | $282,589 | 3–75 |
| Koreatown | 21 | 465 | $158,958 | 4–96 |
| West Hollywood | 21 | 206 | $354,286 | 2–22 |
| Sherman Oaks | 17 | 349 | $237,708 | 6–47 |
| Palms | 13 | 337 | $296,875 | 7–118 |
| Glendale | 12 | 224 | $258,854 | 5–92 |
| Van Nuys | 12 | 380 | $171,801 | 4–68 |
| North Hollywood | 11 | 191 | $271,429 | 5–46 |
| Santa Monica | 8 | 100 | $616,667 | 3–27 |
| Reseda | 8 | 506 | $156,639 | 10–138 |
| West Los Angeles | 6 | 62 | $575,000 | 7–16 |
| Hancock Park | 6 | 129 | $230,519 | 7–35 |
| Los Feliz | 5 | 123 | $225,000 | 6–48 |
| Panorama City | 5 | 178 | $135,849 | 22–53 |
| Fairfax | 5 | 31 | $425,000 | 3–13 |
| Burbank | 4 | 47 | $298,917 | 10–15 |
| Toluca Lake | 4 | 84 | $337,625 | 5–40 |
| Mid-City | 4 | 26 | $256,458 | 6–8 |
| Valley Village | 4 | 81 | $263,472 | 9–34 |
| Pacoima | 4 | 282 | $153,691 | 52–100 |
| Silverlake | 3 | 38 | $243,333 | 10–16 |
| Venice | 3 | 30 | $425,000 | 3–17 |
| Mar Vista | 3 | 21 | $354,167 | 5–10 |
| Studio City | 3 | 51 | $322,857 | 5–39 |
| Tarzana | 3 | 266 | $229,661 | 30–118 |
| Winnetka | 3 | 90 | $250,000 | 12–52 |
The place facts on this page — founding dates, acreages, opening years, boundaries — were checked against these sources on 2026-08-27. The closing figures are computed from the group’s own transaction archive. Where two sources disagreed on a number, the claim is stated only to the level both support.
Sun Valley to the north, Burbank to the north-east and east, Toluca Lake to the south-east and south, Studio City to the south-west, and Valley Village and Valley Glen to the west.
A City of Los Angeles neighborhood of about 5.87 square miles with roughly 64,600 residents — around 13,000 people per square mile, denser than most of the Valley and concentrated hardest around the Metro terminus.
The everyday type is the postwar stucco walk-up over tuck-under parking. What distinguishes North Hollywood is what sits between them: programmatic and roadside architecture from the era when this was still Lankershim, and a 1960s civic-modern layer around the arts district. Tuck-under parking is what creates a soft story — a ground floor with too few shear walls to brace the floors above — and it is the reason Los Angeles adopted Ordinance 183893 in January 2015, under which the city identified roughly 13,500 buildings needing seismic retrofit.
Los Angeles adopted its Historic Preservation Overlay Zone ordinance in 1979 and had designated 35 HPOZ neighborhoods by 2023. Inside one, all exterior work goes through additional review by an HPOZ board working from a published preservation plan, which constrains what a buyer can do with a building.
Across the 11 North Hollywood buildings in the Sterman Multifamily Group’s own closed record, the median is $271,429 per unit, on buildings ranging from 5 to 46 units. Price per door falls as buildings get larger, so the figure for a specific building depends on its size, vintage and in-place rents.
NoHo's pricing is tied to the Red Line terminus and the Arts District identity. Transit-adjacent post-1995 product is institutionally favored. Further from the core, the submarket grades toward conventional Valley pricing and conventional Valley buyer pools.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
Request Free Evaluation →Thinking about selling? Get a no-obligation evaluation on your building.
Request Free Evaluation →