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  • Property Type
    MultifamilyProperty Type
  • Year Built
    2016Year Built
  • Total Units
    26Total Units
  • Asking Price
    $9,800,000Asking Price
  • NOI
    $453,396NOI
  • In-Place Rents
    $2,251In-Place Rents

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

Offering Summary

  • Asking Price
    $9,800,000
  • Price PSF
    $414
  • Price/Unit
    $376,923

Sale Details

  • Cap Rate
    4.63%
  • NOI
    $453,396
  • Return-on-Cost
    3.25%
  • Stabilized Cap Rate
    5.85%
  • Stabilized NOI
    $573,191
  • In-Place Cap Rate
    4.63%
  • In-Place NOI
    $453,396
  • GRM
    13.50
  • Potential GRM
    11.48
  • Cash-on-Cash
    3.25%
  • In-Place Rents
    2,251
  • Market Rents
    2,560
  • Rents Below Market
    14%

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

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

Offering Summary

  • Asking Price
    $9,800,000
  • Price PSF
    $414
  • Price/Unit
    $376,923

Sale Details

  • Cap Rate
    4.63%
  • NOI
    $453,396
  • Return-on-Cost
    3.25%
  • Stabilized Cap Rate
    5.85%
  • Stabilized NOI
    $573,191
  • In-Place Cap Rate
    4.63%
  • In-Place NOI
    $453,396
  • GRM
    13.50
  • Potential GRM
    11.48
  • Cash-on-Cash
    3.25%
  • In-Place Rents
    2,251
  • Market Rents
    2,560
  • Rents Below Market
    14%

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
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