10839 & 10845 Moorpark Street
North Hollywood, CA 91602
SOLD
Property Summary
Price:
Cap Rate:
GRM:
Gross Sq Ft:
Lot Size:
Approx Year Built:
Units:
Price Per Unit:
Price Per Sq Ft:
$1,930,000
3.88%
15.15
5,193
6,996
1941
7
$275,714
$372
Deal Highlights
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Sold at 98% of List Price
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Multiple Offers
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1031 Exchange Buyer
Asset Highlights
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Copper/Galvanized Plumbing
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Excellent Unit Mix
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Dense Rental Pocket of Van Nuys
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Onsite Parking
Property Description
The Frydman Group is proud to present a seven-unit multifamily apartment located at 10839 - 10845 Moorpark Street, North Hollywood, California, 91602.
The property consists of five one-bedroom/one-bathroom units and two two bedroom/one-bathroom. The gross rental footage is 5,193 square feet situated on a 6,996-square foot lot. This building is adjacent to 10839 Moorpark Street which brings the total lot square footage to 13,987-square feet and a great opportunity for development.
Most units have been renovated. Dishwasher, fireplace, wall-unit air conditioners, washer and dryer, hardwood floors are some of the unit features. Seeing that both the triplex and quadruplex fall under 5 multifamily units, investors can benefit from attractive low interest rate financing fixed over 30 years.
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This offering is located just west of Lankershim Boulevard cross from St. Charles Boromeo School and walking distance from Saint Charles Borneo Catholic Church.