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Property Profile
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Property:

North Hollywood Park Apartments is comprised of three buildings:

11251 Morrison Street

20 Units 

11265 Morrison Street

43 Units 

5047 Bakman Avenue

            37 Units*

Total 100 Units 


Price:

$18,750,000

Cap Rate:
5.36%

Tours:

Property tours will be conducted strictly by appointment basis, during business hours.

Disclaimer:

Ownership reserves the right to negotiate and/or accept or reject any offer at any time.  It should be understood by viewers of this site that receipt of the materials contained herein is not intended to create any agreement or obligation by either party to negotiate a definitive agreement. The parties intend that neither shall have any contractual obligations to the other with respect to the matters referred herein unless and until a definitive agreement has been fully executed and delivered by the parties. Prior to delivery of a definitive executed agreement, and without any liability to the other party, either party may (1) propose different terms from those summarized herein, (2) enter into negotiations with other parties, and/or (3) unilaterally terminate all negotiations with the other party hereto. 

Information contained herein has been obtained from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Co-Brokerage:
Seller is offering 1.25% fee to the buyer’s broker.

*One unit is non-conforming

© CB Richard Ellis, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

For more information:

Kadie Presley
310.550.2529
kadie.presley@cbre.com

Laurie Lustig-Bower
310.550.2600
laurie.lustig-bower@cbre.com

Nancy Badzey
310.550.2568
nancy.badzey@cbre.com

 

For loan information:
CBRE | Melody

Brian Eisendrath
310.228.2125
brian.eisendrath@cbre.com

Justin Arquilla
310.228.2124
justin.arquilla@cbre.com

 

Download Brochure

Click to download brochure


 

 
© 2009 CB Richard Ellis | Last Modified:Tuesday, November 04, 2008
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