
Seller's Agent in 2017
Jason Tuvia
Marcus & Millichap
(818) 212-2700
1 in this area
110 Total Sales
We are pleased to present an eight-unit multifamily property in the desirable Valley Glen neighborhood of North Hollywood, California. With Valley Village just a 0.5 miles south and the NoHo Arts District only 1.5 miles east of the property, tenants enjoy convenient access to several trendy boutiques and restaurants. Valley College is just one mile west along Oxnard Street, while tenants can easily access the 170, 101, and 134 Freeways, with a freeway onramp located just one block away.Consisting up of two (2) one bedroom/ one bathroom and six (6) two bedroom/ two bathroom units. The property features gated tuck under parking in the rear, laundry on- site, and a vacant, small office unit that can be utilized by the new owner. Built in 1984, the building is not restricted by Los Angeles rent-control ordinances. Existing rents sit approximately 17 percent below the market level, allowing a new investor the chance to quickly improve the investment's cash flow.
Last Agent to Sell the Property
Marcus & Millichap License #01772495 Listed on: 05/01/2017
Last Buyer's Agent
Reza Ghobadi
License #01780045
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/07/2017 07/07/17 | Sold | $2,437,500 | +1.8% | $310 / Sq Ft |
05/13/2017 05/13/17 | Pending | -- | -- | -- |
05/01/2017 05/01/17 | For Sale | $2,395,000 | -- | $305 / Sq Ft |
Seller's Agent in 2017
Jason Tuvia
Marcus & Millichap
(818) 212-2700
1 in this area
110 Total Sales
R
Buyer's Agent in 2017
Reza Ghobadi
Source: The MLS
MLS Number: 17-226418