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12312 Sherman Way
North Hollywood, CA 91605
236 Units in NoHo | Value Add · Multifamily Property For Sale
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236 Units
Investment Highlights
- Rare opportunity to purchase 236 apartment units in strong NoHo market.
- No 100+ unit apartments have sold for under $250,000/unit in NoHo within the last eight years.
- Resort like amenities, easy access to freeways & employment centers; Direct access to adj. Valley Plaza Park with jogging trails & exercise stations.
- Priced below replacement cost – expected pricing under $250,000/unit.
- Potential to add additional units (4.54 acre lot size).
- Operates similar to a non-rent-controlled building - smaller units yield turnover, which allows for rent control.
Property Facts
| No. Units | 236 | Building Size | 138,600 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1965/2010 |
| Building Class | B | Parking Ratio | 2.09/1,000 SF |
| Lot Size | 4.54 AC | ||
| Zoning | R3, Los Angeles - Limited Density Multiple Residence | ||
| No. Units | 236 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 4.54 AC |
| Building Size | 138,600 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2010 |
| Parking Ratio | 2.09/1,000 SF |
| Zoning | R3, Los Angeles - Limited Density Multiple Residence |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Heating
- Tile Floors
- Crown Molding
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Grill
- Breakfast Nook
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Property Manager on Site
- Spa
- Tenant Controlled HVAC
- Gated
- Grill
- Maintenance on site
- Online Services
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 194 | - | 525 - 575 |
| 1+1 | 36 | - | 800 |
| 2+1 | 6 | - | 1,000 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $14,000,000 | |
| Land Assessment | $29,915,226 | Total Assessment | $43,915,226 |
Property Taxes
Parcel Numbers
Land Assessment
$29,915,226
Improvements Assessment
$14,000,000
Total Assessment
$43,915,226
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