SOLD: 18,908-square-foot multi-family property
has sold for $3,550,000 in North Hollywood, Calif.
(05/2014) Hollywood, Calif. – 18,908-square-foot multi-family property in North Hollywood has sold for $3,550,000. Ray Rodriguez and Carey LaSalle of KW Commercial exclusively represented the Seller and Ray Rodriguez exclusively represented the buyer in the successful close of this 20-unit property.
The property is adjacent to NoHo Arts District and minutes from the 101 freeway. Attractive unit mix of two bedrooms and two bathrooms all with patios or balconies. It has great potential for rental upside and offers residents onsite laundry, gated parking and secure entry. Rodriguez secured a buyer within two days at 98.7% of list price.
“Our goal was to assist the owner in his 1031 exchange into another property and help our buyer develop his property portfolio in the San Fernando Valley area," says Rodriguez.