REBusinessOnline

LEE & ASSOCIATES SELLS 15-UNIT NOHO APARTMENT BUILDING

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.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

Subscribe to the newsletter
Conferences


Webinars on Demand


Read the Digital Editions

Northeast Multifamily & Affordable Housing Business

Midwest Multifamily & Affordable Housing Business

Western Multifamily & Affordable Housing Business

Texas Multifamily & Affordable Housing Business

Southeast Multifamily & Affordable Housing Business

Heartland Real Estate Business

Northeast Real Estate Business

Southeast Real Estate Business

Texas Real Estate Business

Western Real Estate Business

Shopping Center Business

California Centers

Student Housing Business

Seniors Housing Business

Featured Properties