North Hollywood Multifamily Investment
10455 Magnolia Blvd North Hollywood, CA 91601
10455 Magnolia Blvd, North Hollywood, CA, 91601
$9,200,000
For Sale
$9,200,000
26-unit apartment building in North Hollywood with value-add potential.
Days on Market111
Property Features for 10455 Magnolia Blvd
General Information
- Standard status
- Active
- Property subtype
- Multifamily
Listing agency
Encino Office
(818) 212-2808
Listed by
Glen Scher · License #License(s): CA: 01962976
(818) 212-2808
Source
Marcusmillichap
Added: Apr 3 Updated: Jul 10 at 1:14PM Checked: Jul 21 at 3:04AM
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Investment Insights
Based on property information with market context.
The Strohm Building, located at 10455 W Magnolia Blvd in North Hollywood, is a 26-unit apartment building constructed in 2016. This elevator-served property features rooftop amenities and is fully sprinklered. The building offers modern systems, in-unit laundry facilities, and secured parking. The asset is not subject to Los Angeles RSO and is exempt from AB 1482 through 2031. The property includes a mix of studios, one-bedroom with a den, and two-bedroom/two-bathroom plans. In-place rents are approximately 14 percent below market, with the seller planning approximately five percent increases on eligible units prior to close. A straightforward ADU conversion of a portion of the garage/storage area could add a two-bedroom unit of between 800 and 850 square feet, targeting roughly $2,600 per month. The North Hollywood/Toluca Lake area provides tenant demand, with walkable access to Magnolia retail, proximity to the NoHo Red Line, and access to the 170/134 freeways. Major studios and healthcare anchors support long-term occupancy. This Class A multifamily property offers near-term NOI acceleration and structural upside.
Key Highlights
- Exempt from Los Angeles RSO and AB 1482 (rent control) through 2031, allowing for market‑driven rent increases.
- Immediate NOI lift potential through in‑place rents being approximately 14% below market, with planned rent increases prior to close.
- Opportunity to add a two‑bedroom ADU (Accessory Dwelling Unit) by converting garage/storage space, potentially increasing value by an estimated $600K.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
the strohm building
Apartment Building
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FAQs
What type of property is this?
Apartment building - 26-unit apartment building in North Hollywood with value-add potential.
Where is this apartment building located?
The property is located at 10455 Magnolia Blvd North Hollywood, CA.
What is the asking price?
The asking price for this property is $9,200,000.
What are key features of this property?
This property features: Exempt from Los Angeles RSO and AB 1482 (rent control) through 2031, allowing for market‑driven rent increases.; Immediate NOI lift potential through in‑place rents being approximately 14% below market, with planned rent increases prior to close.; Opportunity to add a two‑bedroom ADU (Accessory Dwelling Unit) by converting garage/storage space, potentially increasing value by an estimated $600K.
