11617 Archwood Street, North Hollywood, CA 91606

About this property

We are pleased to present the opportunity to acquire a 4-unit asset located In the desirable apartment community of North Hollywood. Over the past decade, North Hollywood has undergone a radical transformation into a dynamic environment that is attracting a wave of young, well-educated and high-wage earning residents. This 4- unit complex is located on a gated and fenced corner lot and offers strong in-place rents and 100% rent collection. There are no seismic retrofit expenses, rents can immediately be increased post-Covid, and financing on this asset will include 30-year fixed rates. The convenient location and desirable unit mix of this asset offer a Value-Add opportunity that is well suited for strong returns over the investment period.

Listing description from the September 2021 sale, as reported to CRMLS.

Sale history

$995,000

Sold September 2021 · orig. $1,050,000, on market June 2021 · MLS #21741900 · Source: CRMLS

Listing Agent: Jeanette Monfared · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Arutyun Kostikyan · HK Realty

$525,000

Sold October 2013 · listed $500,000, on market July 2013 · MLS #SR13147620 · Source: CRMLS

Listing Agent: Tamara Azami · Listing Office: Rodeo Realty · Contact: 818-986-7300 · Bought with: Irene Sarian · Town & Ranch Realty

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