Description
The Strohm Building presents an exceptional opportunity to acquire a modern, 26-unit low-rise multifamily asset in the heart of North Hollywood’s dynamic submarket. Built in 2016 and boasting 23,644 square feet of gross leasable area on a 0.30-acre parcel, this boutique community is currently 97% occupied. Featuring contemporary finishes and sought-after resident amenities—including covered parking, gated access control, communal roof deck, outdoor seating areas, a secure package room and in-unit HVAC—the property has been thoughtfully designed to attract and retain quality tenants seeking...
Documents
Sale Details
- Cap Rate4.63%
- NOI$453,396
- Return-on-Cost3.25%
- Stabilized Cap Rate5.85%
- Stabilized NOI$573,191
- In-Place Cap Rate4.63%
- In-Place NOI$453,396
- GRM13.50
- Potential GRM11.48
- Cash-on-Cash3.25%
- In-Place Rents2,251
- Market Rents2,560
- Rents Below Market14%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units26
- Occupancy97%
- Average Unit Size703 SF
- Average Rent2,251 $/mo
- Year Built2016
- Parking Ratio1.52 per 1000 SF
- Zoning[Q]C2-1VL (Neighborhood Office Commercial)
- APN2417-017-027
Property Details
- Property TypeMultifamily
- Total Units26
- Occupancy97%
- Average Unit Size703 SF
- Average Rent2,251 $/mo
- Year Built2016
- Parking Ratio1.52 per 1000 SF
- Zoning[Q]C2-1VL (Neighborhood Office Commercial)
- APN2417-017-027


















Deal Team

Description
The Strohm Building presents an exceptional opportunity to acquire a modern, 26-unit low-rise multifamily asset in the heart of North Hollywood’s dynamic submarket. Built in 2016 and boasting 23,644 square feet of gross leasable area on a 0.30-acre parcel, this boutique community is currently 97% occupied. Featuring contemporary finishes and sought-after resident amenities—including covered parking, gated access control, communal roof deck, outdoor seating areas, a secure package room and in-unit HVAC—the property has been thoughtfully designed to attract and retain quality tenants seeking...
Documents
Sale Details
- Cap Rate4.63%
- NOI$453,396
- Return-on-Cost3.25%
- Stabilized Cap Rate5.85%
- Stabilized NOI$573,191
- In-Place Cap Rate4.63%
- In-Place NOI$453,396
- GRM13.50
- Potential GRM11.48
- Cash-on-Cash3.25%
- In-Place Rents2,251
- Market Rents2,560
- Rents Below Market14%
Documents
Property Address
Property Details
- Property TypeMultifamily
- Total Units26
- Occupancy97%
- Average Unit Size703 SF
- Average Rent2,251 $/mo
- Year Built2016
- Parking Ratio1.52 per 1000 SF
- Zoning[Q]C2-1VL (Neighborhood Office Commercial)
- APN2417-017-027
Property Details
- Property TypeMultifamily
- Total Units26
- Occupancy97%
- Average Unit Size703 SF
- Average Rent2,251 $/mo
- Year Built2016
- Parking Ratio1.52 per 1000 SF
- Zoning[Q]C2-1VL (Neighborhood Office Commercial)
- APN2417-017-027
Deal Team

