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Apartments For Sale • 23,644 SF
| Offered Well Below Replacement Cost – The Strohm Building presents a 26-unit North Hollywood apartment complex, built in 2016. |
| Institutional Specs – Wood-style plank floors, stone counters, dark shaker cabinetry, stainless steel appliances, central HVAC, and walk-in closets. |
| 100% Free of Rent Control & Covenants – Not subject to the RSO (Rent Stabilization Ordinance) and AB 1482 (Tenant Protection Act), exempt until 2031. |
| Clear Rent Gap – In-place rents are about 14% below market, and the seller is to implement approximately 5% increases pre-close. |
| ADU Value Creation – A concept plan is in place for an 800- to 850-square-foot two-bed ADU at $2,600 per month (or $31K per year). |
| Efficient Parking & Access Control – 36 garage spaces (including compact and accessible), controlled entry, elevator, and secure mailroom. |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 7 min | - | 3.0 mi |
| Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 8 min | - | 3.1 mi |
| Airport | Drive | Walk | Distance |
| Bob Hope | 9 min | - | 3.7 mi |
| Los Angeles International | 36 min | - | 25.1 mi |
| Long Beach (Daugherty Field) | 49 min | - | 35.7 mi |
Filip Niculete
Marcus & Millichap
Filip Niculete
Marcus & Millichap
