Description

Equity Union Commercial is pleased to present this 27-unit apartment property located in a desirable rental pocket of North Hollywood, within the Valley Glen area. Built in 1962, the property sits on a 24,371 square foot lot and encompasses approximately 24,614 rentable square feet. The building features an attractive unit mix of twenty-seven spacious two-bedroom, one-bath units. Recent capital improvements include newer windows, copper plumbing, and updated electrical systems. The property also offers a recreation room with potential for ADU conversion (buyer to verify), providing an additional value-add opportunity. With substantial upside in current rents, investors have the ability to enhance cash flow over time. North Hollywood continues to thrive as a vibrant, pedestrian-friendly community, highlighted by the expanding NoHo Arts District. The area offers an array of theaters, galleries, restaurants, and retail amenities, along with convenient access to Metro rail and bus lines and the 101, 170, and 134 freeways. Ongoing large-scale mixed-use development in the surrounding area further supports long-term growth, making this a compelling investment opportunity in a proven and evolving submarket.