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
  • Sold at 98% of List Price

  • Multiple Offers

  • 1031 Exchange Buyer

Asset Highlights
  • Copper/Galvanized Plumbing

  • Excellent Unit Mix

  • Dense Rental Pocket of Van Nuys

  • 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.

This offering is located just west of Lankershim Boulevard cross from St. Charles Boromeo School and walking distance from Saint Charles Borneo Catholic Church.

THE FRYDMAN GROUP

Commercial Real Estate

Meir Mark Frydman

Managing Director

National Multi Housing Group

National Land Group

  • LinkedIn - White Circle
CONTACT

2701 Ocean Park Blvd#140

Santa Monica, CA 90405

Direct: (310)300-4844

Fax: (818)975-5319

Email: info@frydmangroup.com

www.FrydmanGroup.com

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