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10455 Magnolia Blvd
North Hollywood, CA 91601

$9,800,000 USD

Apartments For Sale • 23,644 SF

Property Details

Property Type Apartments
Total Building Size 23,644 SF
Lot Size 0.3 AC
Building Class B
Year Built 2016
Zoning LAC2

45 Transit Score

82 Walk Score

                
                    Highlights
                
                                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.

Property Flyers

The Strohm Building

Amenities

24 Hour Access
Air Conditioning
Balcony
Controlled Access
Dishwasher
Microwave
Picnic Area
Tenant Controlled HVAC
Washer/Dryer
Gated
Heating
Grill
Smoke Free
Kitchen
Granite Countertops
Ice Maker
Refrigerator
Oven
Stainless Steel Appliances
Range
Tub/Shower
Walk-In Closets
Elevator
Lounge
Online Services
Freezer
Patio
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	6 min	-	3.0 mi
Downtown Burbank (Antelope Valley Line - Amtrak, Pacific Surfliner - Amtrak, Ventura County Line - Amtrak)	7 min	-	3.1 mi
Airport	Drive	Walk	Distance
Bob Hope	7 min	-	3.8 mi
Los Angeles International	35 min	-	24.9 mi
Long Beach (Daugherty Field)	47 min	-	34.6 mi

Filip Niculete 818-418-8290 Marcus & Millichap

10455 Magnolia Blvd North Hollywood, CA 91601