Multifamily market guide
Selling an apartment building in North Hollywood / Van Nuys
North Hollywood and Van Nuys have a large stock of 1960s to 1980s apartment buildings and steady renter demand from the NoHo Arts District, the Metro B Line and Valley job centers. Prices per unit are lower than the Westside, which draws value-add and first-time apartment buyers.
What drives value in North Hollywood / Van Nuys
- Distance to the NoHo Arts District and Metro B Line
- Rent control status and in-place rents versus market
- Building size, parking and deferred maintenance
- Price per unit compared with recent Valley sales
Ask us for recent North Hollywood / Van Nuys sales, current cap rates and price per unit for buildings like yours.
- Rent control
- City of Los Angeles Rent Stabilization Ordinance (RSO). It generally covers buildings with two or more units first occupied on or before October 1, 1978. Allowed annual increases are set by the city, and units can reset to market rent on vacancy under state law (Costa-Hawkins).
- Transfer taxes
- Measure ULA transfer tax applies to City of Los Angeles sales above set price thresholds, adjusted every year, on top of the normal county and city transfer tax. Sales just above a threshold can net less than sales just below it, so pricing strategy matters.
- Statewide rules
- Buildings not covered by local rent control are often covered by California AB 1482, which caps annual increases and requires just cause for most evictions in buildings over 15 years old.
North Hollywood / Van Nuys FAQ
Owner questions
Is North Hollywood a good market to sell an apartment building in?
Demand is steady because rents are lower than nearby areas and transit access is good. Buyers here focus on price per unit and upside from renovating units as they turn over.
Does Measure ULA apply in Van Nuys and North Hollywood?
Yes. Both are part of the City of Los Angeles.
General information, not legal or tax advice. Rules and thresholds change; we confirm them for each sale.