8 Units | North Hollywood | Second Sale for Repeat Client
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The LAAA Team of Marcus & Millichap is pleased to announce the successful closing of 5905 Whitnall Hwy, an 8-unit multifamily property in North Hollywood, which sold for $1,475,000 on May 7, 2026.
This closing had a longer history than a typical listing. Our team previously sold 5905 Whitnall in August 2021 for $1,325,000. The buyer from that transaction later became our seller, giving us the opportunity to advise the same client through the full ownership cycle: acquisition, ownership, renewed sale strategy, escrow, and resale. The 2026 closing marks the second time our team sold the same property.
The property was marketed as an 8-unit value-add apartment building in North Hollywood with approximately 5,337 square feet, a 1961 year built, and a unit mix that included a studio ADU, one-bedroom units, and two-bedroom units. At the final sale price, the deal closed at approximately $184,375 per unit and $276.37 per square foot, with a current cap rate of 5.88% and current GRM of 10.06 based on the final closing metrics provided for the transaction.
The sale also had a meaningful rent-growth story. The final rent statement showed total monthly rent of $10,652.40, with one vacant unit at closing. The final operating summary showed current gross scheduled rent of $146,640 and pro forma gross scheduled rent of $224,100, creating a clear value-add thesis for a buyer focused on future income growth.
The marketing process began with a signed listing agreement in December 2025 and a public launch in January 2026. The first Mailchimp campaign went to more than 10,000 client contacts on January 12, followed by a broker and non-opener campaign to more than 21,000 recipients on January 15. Escrow opened in February 2026 with a first-time buyer pursuing a value-add North Hollywood acquisition.
The LAAA Team of Marcus & Millichap is pleased to announce the successful closing of 5905 Whitnall Hwy, an 8-unit multifamily property in North Hollywood, which sold for $1,475,000 on May 7, 2026.
This closing had a longer history than a typical listing. Our team previously sold 5905 Whitnall in August 2021 for $1,325,000. The buyer from that transaction later became our seller, giving us the opportunity to advise the same client through the full ownership cycle: acquisition, ownership, renewed sale strategy, escrow, and resale. The 2026 closing marks the second time our team sold the same property.
The property was marketed as an 8-unit value-add apartment building in North Hollywood with approximately 5,337 square feet, a 1961 year built, and a unit mix that included a studio ADU, one-bedroom units, and two-bedroom units. At the final sale price, the deal closed at approximately $184,375 per unit and $276.37 per square foot, with a current cap rate of 5.88% and current GRM of 10.06 based on the final closing metrics provided for the transaction.
The sale also had a meaningful rent-growth story. The final rent statement showed total monthly rent of $10,652.40, with one vacant unit at closing. The final operating summary showed current gross scheduled rent of $146,640 and pro forma gross scheduled rent of $224,100, creating a clear value-add thesis for a buyer focused on future income growth.
