Listing banner image
  • Property Type
    MultifamilyProperty Type
  • Year Built
    2016Year Built
  • Total Units
    26Total Units
  • Asking Price
    $9,200,000Asking Price
  • Price/SF
    $389.11Price/SF
  • Cap Rate
    5.03%Cap Rate

Description

The Strohm Building at 10455 W Magnolia Blvd is a 2016-vintage, elevator-served, 26-unit asset with rooftop amenities in the heart of North Hollywood. Delivered with a March 17, 2016 CofO and fully sprinklered (NFPA-13), the property offers modern systems, in-unit laundry, and secured parking—checks every “institutional” box while remaining a manageable, sub-30-unit scale.

The asset is unencumbered by rent control or affordability covenants—not subject to Los Angeles RSO and exempt from AB 1482 through 2031—allowing an investor to implement marketdriven rent strategy without statutory...

Documents

Offering Summary

  • Asking Price
    $9,200,000
  • Price PSF
    $389.11
  • Price/Unit
    $353,846

Sale Details

  • Cap Rate
    5.03%
  • GRM
    12.63
  • Cash-on-Cash
    2.38%

Documents

Property Address

10455 West Magnolia Boulevard
North Hollywood, CA 91601

Property Details

  • Property Type
    Multifamily
  • Total Units
    26
  • Occupancy
    97%
  • Average Unit Size
    703 SF
  • Average Rent
    2,251 $/mo
  • Year Built
    2016
  • Parking Ratio
    1.52 per 1000 SF
  • Zoning
    [Q]C2-1VL (Neighborhood Office Commercial)
  • APN
    2417-017-027

Property Details

  • Property Type
    Multifamily
  • Total Units
    26
  • Occupancy
    97%
  • Average Unit Size
    703 SF
  • Average Rent
    2,251 $/mo
  • Year Built
    2016
  • Parking Ratio
    1.52 per 1000 SF
  • Zoning
    [Q]C2-1VL (Neighborhood Office Commercial)
  • APN
    2417-017-027

Deal Team

Filip Niculete profile image
Filip Niculete
LA Apartment Advisors

Description

The Strohm Building at 10455 W Magnolia Blvd is a 2016-vintage, elevator-served, 26-unit asset with rooftop amenities in the heart of North Hollywood. Delivered with a March 17, 2016 CofO and fully sprinklered (NFPA-13), the property offers modern systems, in-unit laundry, and secured parking—checks every “institutional” box while remaining a manageable, sub-30-unit scale.

The asset is unencumbered by rent control or affordability covenants—not subject to Los Angeles RSO and exempt from AB 1482 through 2031—allowing an investor to implement marketdriven rent strategy without statutory...

Documents

Offering Summary

  • Asking Price
    $9,200,000
  • Price PSF
    $389.11
  • Price/Unit
    $353,846

Sale Details

  • Cap Rate
    5.03%
  • GRM
    12.63
  • Cash-on-Cash
    2.38%

Documents

Property Address

10455 West Magnolia Boulevard
North Hollywood, CA 91601

Property Details

  • Property Type
    Multifamily
  • Total Units
    26
  • Occupancy
    97%
  • Average Unit Size
    703 SF
  • Average Rent
    2,251 $/mo
  • Year Built
    2016
  • Parking Ratio
    1.52 per 1000 SF
  • Zoning
    [Q]C2-1VL (Neighborhood Office Commercial)
  • APN
    2417-017-027

Property Details

  • Property Type
    Multifamily
  • Total Units
    26
  • Occupancy
    97%
  • Average Unit Size
    703 SF
  • Average Rent
    2,251 $/mo
  • Year Built
    2016
  • Parking Ratio
    1.52 per 1000 SF
  • Zoning
    [Q]C2-1VL (Neighborhood Office Commercial)
  • APN
    2417-017-027

Deal Team

Filip Niculete profile image
Filip Niculete
LA Apartment Advisors
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