LEE & ASSOCIATES SELLS 15-UNIT NOHO APARTMENT BUILDING

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NORTH HOLLYWOOD, CALIF. — Lee & Associates has sold a 15-unit apartment building to a local apartment building investor for $2,450,000. Located at 5253-59 Cartwright Ave., the property attracted six bidders before it was sold. It netted one of the highest sales prices per square foot that the North Hollywood submarket has seen since 2007, according to Lee & Associates. Jeff McGuire, senior vice president, special assets and a principal at Lee & Associates’ Los Angeles North-Ventura office, represented both the buyer and the seller.

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