Marcus & Millichap brokers $5.89 million sale of 41-unit North Hollywood property
MMI•Marcus & Millichap brokered the sale of a 41-unit multifamily property in North Hollywood, California, for $5.89 million. The sale equated to $143,610 per unit and closed at a 5.70% cap rate based on in-place income.
1. Sale details
The seller was The Kwan Trust, and the buyer was a San Fernando Valley-based limited liability company planning interior and common-area upgrades.
