The Strohm Building

The Strohm Building at 10455 West Magnolia Boulevard is a 26-unit North Hollywood apartment property completed in 2016. It has an elevator, rooftop amenities, in-unit laundry, secured parking and an NFPA-13 sprinkler system. Its certificate of occupancy is dated March 17, 2016. The unit mix includes studios, one-bedroom apartments with dens, and two-bedroom, two-bath apartments.

The offering estimates existing rents at approximately 14% below market and identifies planned seller increases of around 5% on eligible units before closing. It also provides concept drawings for a garage/storage conversion into an 800-850-square-foot two-bedroom ADU, with projected rent of about $2,600 monthly. That additional unit remains a proposed project for buyer verification.

The broker reports no affordability covenants, exemption from city RSO and an AB 1482 exemption through 2031. Buyers should verify all restrictions, exemption dates, proposed rent adjustments and ADU approvals. Magnolia Boulevard retail, the NoHo transit station and the 170/134 freeway network serve the surrounding area.