The LA Apartment Advisors are pleased to announce the successful sale of 8 units located in an ideal NoHo Arts District location, just outside of Toluca Lake. Situated on the corner of Tujunga Ave and Huston St, just north of Camarillo st, this property has a total square footage of 5,831 Sq.Ft., and it sits on a lot size of 6,972 Sq.Ft (0.16 Acres). Built in 1957, the property boasts an excellent unit mix of four 1-bed/1-bath units and four 2-bed/1-bath units.

Through our superior marketing platform we were able to generate multiple offers, facilitate a smooth escrow process, and close at a very high price per square feet ($394/SF). Additionally, our in-house loan specialist was able to to get the buyer 3.70% interest rate financing. The buyer was able to achieve 2.53% cash on cash return on the transaction. 

For more information about this transaction or a complimentary evaluation of your property, give us a call today!