SOLD: 15 unit apartment building in North Hollywood, CA for $3,125,000

Calabasas, CA (12/2012) – Hirsch Sherman and Jared Levine of KW Commercial have sold a 15 unit apartment building located at 11757 Saticoy Street in North Hollywood, CA for $3,125,000.

The property was listed for sale and put on the market for less than a week before Hirsch Sherman and Jared Levine secured a qualified local investor as the Buyer. Constructed in 2010, the property sold for $208,333 a unit and $166.84 cost per SF which was only 2% off of the asking price.

In the last year, Hirsch Sherman and Jared Levine have sold more than $27 million dollars of new construction apartment/condo projects in the San Fernando Valley.