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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.

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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.

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