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Shannon Guiragossian

shannongrealestate@gmail.com +1(760) 537-9002

$ 6,388,888

Est. payment | -/mo

41 Beds

41 Baths

24,256 SqFt

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$ 6,388,888

Est. payment | -/mo

Save

41 Beds

41 Baths

24,256 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 24,256 sqft

Price per Sqft $263

MLS Listing ID 26833351

Bedrooms 41

Year Built 1972

Lot Size 0.905 Acres

Acres 0.9052

Property Sub-Type Multi-Family

Property Description

The property has been under the same ownership for more than 30 years and current rents offer extensive room for growth. This creates a prime repositioning opportunity for a new owner to refresh apartment interiors and amenities to potentially recapture the 47% rent upside. The attractive asking price of only $155,827 per unit allows an investor to gain a sizeable foothold in the dense North Hollywood rental market at a relatively low price. In fact, only one property has sold at a lower price per unit in North Hollywood in the past year (Source: CoStar COMPS). The current owner has replaced all electrical subpanels throughout the building in 2026, which could help to reduce both insurance and utility costs substantially. A brand new water heater and storage tank were also installed in 2025, and all windows have been replaced and upgraded. The building does not appear on the Los Angeles Department of Building & Safety's Seismic Retrofit List, saving a new investor from an otherwise burdensome expense. The property offers a generous amount of on-site parking to tenants with 55 spaces, or 1.34 spaces per bedroom. The surplus of parking spaces helps provide additional income, as does the on-site laundry facility. Located near the intersection of Sherman Way and Coldwater Canyon Avenue, the property allows tenants convenient access to the Greater Los Angeles Metro Area via the nearby 170 Freeway. Residents also enjoy the building's proximity to several national retailers, including Trader Joe's, Home Depot, Ralphs, Vallarta Supermarkets, and Walgreens, all within three miles of the property.

Location

State CA

County Los Angeles

Area North Hollywood

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Assigned

Garage Spaces 54.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 537-9002

shannongrealestate@gmail.com

36923 Cook St Suite B101, Palm Desert, CA, 92211, USA

13103 Barbara Ann St North Hollywood, CA 91605

Shannon Guiragossian

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby Locations

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13103 Barbara Ann St