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Listed by: Filip Niculete (818) 212-2763 DRE #01905352, Glen Scher DRE #01962976 | Marcus & Millichap (818) 212-2700
$9,800,000
35 Beds
- 35 Baths
23,644sqft
10455 Magnolia Blvd, North Hollywood, CA 91601
$9,800,000
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Multi Family
Built in 2016
$-- HOA
13,192 sqft lot
$414/sq.ft
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 parkingchecks 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 market-driven rent strategy without statutory caps. In-place rents are approximately 14% below market across a balanced mix of studios...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
Year Built
2016
HOA Fees
-
Finished Area
23,644 sqft
Lot Size
13,192 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25604039
MLS Status
Active
Days on Market
78
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