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.
Listed by Sarkis Majarian
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License #01337122
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Exclusive Estate Properties Inc
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818-396-6024
Last updated August 08, 2025
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Source: CRMLS #SR25177485
Listing Facts
TypeMulti-family
NeighborhoodNoho Arts District
Days on Prevu125
Location
Mortgage Calculator
Listing History
10/29/2025
Status changed to Active
$3,500,000
10/21/2025
Status changed to Removed from Feed
$3,500,000
10/21/2025
Status changed to Active
$3,500,000
10/19/2025
Status changed to Removed from Feed
$3,500,000
10/18/2025
Status changed to Active
$3,500,000
10/16/2025
Status changed to Removed from Feed
$3,500,000
10/05/2025
Status changed to Active
$3,500,000
10/03/2025
Status changed to Removed from Feed
$3,500,000
09/21/2025
Status changed to Active
$3,500,000
09/19/2025
Status changed to Removed from Feed
$3,500,000
09/18/2025
Status changed to Active
$3,500,000
09/17/2025
Status changed to Removed from Feed
$3,500,000
09/16/2025
Status changed to Active
$3,500,000
09/15/2025
Status changed to Removed from Feed
$3,500,000
09/12/2025
Status changed to Active
$3,500,000
09/06/2025
Status changed to Removed from Feed
$3,500,000
09/05/2025
Status changed to Active
$3,500,000
09/04/2025
Status changed to Removed from Feed
$3,500,000
09/01/2025
Status changed to Active
$3,500,000
08/29/2025
Status changed to Removed from Feed
$3,500,000
08/08/2025
Listed by Exclusive Estate Properties Inc
$3,500,000
Property Details for 5535 Elmer Avenue
Association
Amenities
Community Features: Biking
Exterior
Construction
New Construction: Yes
Number Of Units Total: 57
Property Attached: Yes
Stories Total: 5
Year Built: 2026
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: street
Measurements
Building Area Total: 21,614
Building Area Units: Square Feet
Lot Features: 0-1 Unit/Acre
Lot Size Acres: 0.16
Lot Size Area: 7,257
Lot Size Source: Assessor
Lot Size Square Feet: 7,257
Lot Size Units: Square Feet
Financial
Residential Income
Gross Income: $118,600.00
Operating Expense: $10,000.00
Taxes
Parcel Number: 2350008044
Other
Location
Tax Lot: 9
Utilities
Equipment
Laundry Features: Common Area
Sewer: Public Sewer
Water Source: Public
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There is bedrooms in this multi-family home at 5535 Elmer Avenue.
How does 5535 Elmer Avenue compare to other multi-family homes in Noho Arts District?
This multi-family home is listed 41% above the average price for multi-family homes in Noho Arts District and has been on the market for 45 more days than the typical home in this area.
5535 Elmer Avenue is a -bedroom multi-family home for sale in North Hollywood CA 91601. Listed on Prevu for 125 days at $3,500,000. This home is located in Noho Arts District. The median listing price for multi-family homes in this area is $1,245,000. Browse more multi-family home listings in Los Angeles.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.