7635 Lankershim Blvd - Apartments FOR SALE
North Hollywood, CA 91605 |
$8,200,000 USD
310-365-5054
7635 Lankershim Blvd
North Hollywood, CA 91605
HIGHLIGHTS
- Generational Asset: First sale since 1987.
- Efficient Unit Mix: 36-unit apartment community with an efficient (36) 1-bedroom / 1-bathroom unit mix.
- Retail Proximity: Nearby NoHo West retail center with shopping, dining, and entertainment options.
- Solar Power System: Onsite solar power system generates energy to support a thermal water heating system with storage that services the property.
- Newer Construction: Constructed in 1986, offering relatively newer improvements compared to much of the surrounding housing stock.
- Transit Access: Close proximity to North Hollywood Metro Station providing convenient regional transit access.
FOR SALE DETAILS
PRICE
$8,200,000 USD
PRICE/SF
$298 USD /SF
# OF UNITS
36
PRICE/UNIT
$227,778
CAP RATE
5.88%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1986
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.6 AC
LAND SF
26,136 SF
ZONING
-
APN/PARCEL ID
2317-008-016
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310-365-5054
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310-365-5054
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