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11000 Morrison St
North Hollywood, CA 91601
NoHo Gallery Apartments · Multifamily Property For Sale
·
48 Units
Investment Highlights
- Excellent below market in place assumable financing: $12,118,000 loan, 2.97% interest only until 12/31/2027 and matures 12/31/2030
- Well maintained forty-eight (48) unit apartment buildings in the trendy NoHo Arts District
- Units feature central heat/air-conditioning, wood-like floors, oversized closets and private balconies (select Units)
- Built in 1989: not subject to LA City Rent Control (only subject to California State Rent Control)
- Favorable unit mix consisting of (14) 1 bed/1 bath units, (1) 1 bed/1 bath plus loft units, (29) 2 bed/2 bath units and (4) 2 bed/2 bath plus loft
- Buildings feature shared amenities including fitness center, jacuzzi, elevator, secure gated access, subterranean parking and an on-site laundry
Property Facts
| No. Units | 48 | Lot Size | 0.33 AC |
| Property Type | Multifamily | Building Size | 48,822 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1989 |
| Building Class | B | Parking Ratio | 1.8/1,000 SF |
| Zoning | R4-2 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.33 AC |
| Building Size | 48,822 SF |
| No. Stories | 3 |
| Year Built | 1989 |
| Parking Ratio | 1.8/1,000 SF |
| Zoning | R4-2 |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Walk-In Closets
Site Amenities
- Fitness Center
- Laundry Facilities
- Spa
- Gated
- Laundry Service
- Maintenance on site
- Online Services
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 33 | - | 750 - 945 |
| 1+1 | 15 | - | 1,100 - 1,283 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $10,195,920 | |
| Land Assessment | $12,276,720 | Total Assessment | $22,472,640 |
Property Taxes
Parcel Numbers
Land Assessment
$12,276,720
Improvements Assessment
$10,195,920
Total Assessment
$22,472,640
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