Ray Rodriguez

SOLD: 20,132 SQ Multifamily Property in North Hollywood

(2/2015) North Hollywood, Calif. - A 20,132 square foot multifamily property in North Hollywood has sold for $3,595,000. Ray Rodriguez of KW Commercial exclusively represented the Seller and Ray Rodriguez exclusively represented the buyer in the successful close of this 26 unit property.

The property is situated just below Sherman Way adjacent to a variety of supermarkets, restaurants and minutes from the 170 freeway. Attractive unit mix of fourteen (1+1), one (2+1.5), and eleven (2+2). It has great potential for rental upside and offers residents onsite laundry, gated parking and a pool. KW Commercial generated several offers and put it under contract, closing escrow at 100% of list price.

“Our goal was to assist the owner with the sale of her down-leg property and help her to exchange into less management-intensive rental properties in West L.A.?, says Rodriguez.