Description

The Strohm Building is a 26-unit, elevator-served apartment community in the heart of North Hollywood's NoHo Arts District. Delivered in 2016, the property offers in-unit laundry, individual tankless water heaters, central HVAC, a rooftop lounge, and a 36-space subterranean gated garage. The asset is not subject to the City of Los Angeles RSO and is reported exempt from AB 1482 through 2031, giving an investor a market-driven rent strategy on November 2026 scheduled rents that are approximately 12% below market. Concept plans also outline an approximately 800 to 850 SF two-bedroom ADU conversion from garage and storage area, creating a potential path from 26 to 27 units. The November roll includes seven increases effective 11/01/2026; collection of those increases is not yet confirmed.

2016-vintage, elevator-served 26-unit asset with modern systems and no soft-story retrofit exposure
Not subject to Los Angeles RSO and reported exempt from AB 1482 rent caps through 2031
November 2026 scheduled rents are approximately 12% below market. The roll includes seven increases effective 11/01/2026 and 100% occupancy; collection of the increases is not yet confirmed.
ADU concept can convert garage and storage area into an approximately 800 to 850 SF two-bedroom unit
Rooftop lounge, BBQ, fire pit, controlled access, interior mailroom, and 36-space subterranean gated garage
Balanced unit mix of 15 studios, 2 one-bedroom with den units, and 9 two-bedroom / two-bath units
Walkable to Magnolia retail and approximately 1.2 miles to the NoHo Metro B Line station
Located within a federal Opportunity Zone and the Los Angeles State Enterprise Zone, subject to buyer verification