CA > North Hollywood
North Hollywood, CA 91601,10455 Magnolia Blvd
North Hollywood, CA 91601,10455 Magnolia Blvd
North Hollywood, CA 91601,10455 Magnolia Blvd
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$9,800,000
Est. payment /mo
35 Beds
35 Baths
23,644 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 23,644 sqft

Price per Sqft $414

MLS Listing ID 25604039

Bedrooms 35

Year Built 2016

Lot Size 0.303 Acres

Acres 0.3029

Property Sub-Type Multi-Family

Property Description

The Strohm Building at 10455 W Magnolia Blvd is a 2016-vintage, elevator-served, 26-unit asset with rooftop amenities in the heart of North Hollywood. Delivered with a March 17, 2016 CofO and fully sprinklered (NFPA-13), the property offers modern systems, in-unit laundry, and secured parkingchecks every "institutional" box while remaining a manageable, sub-30-unit scale. The asset is unencumbered by rent control or affordability covenants not subject to Los Angeles RSO and exempt from AB 1482 through 2031 allowing an investor to implement market-driven rent strategy without statutory caps. In-place rents are approximately 14% below market across a balanced mix of studios, one-bedroom with a den, and two-bedroom/two-bathroom plans, with the seller planning approximately 5% increases on eligible units prior to close. That creates an immediate NOI lift at acquisition and a clear, organic path to stabilization over upcoming lease turns. A straightforward ADU conversion of a portion of the garage/storage area (concept plans provided) would add a two-bedroom unit of between 800 and 850 square feet, targeting roughly $2,600 per month. At a 5% yield, the ADU translates to an estimated $600K of value creation, pushing the count from 26 to 27 units and further strengthening per-SF and per-unit metrics. The North Hollywood/Toluca Lake pocket delivers sticky tenant demandwalkable to Magnolia retail, proximate to the NoHo Red Line (~1.2 miles), and minutes to the 170/134while major studios and healthcare anchors underpin long-term occupancy. This is a rare Class A, non-regulated Los Angeles multifamily with both near-term NOI acceleration (seller increases + market catch-up) and structural upside (ADU). For buyers seeking durable cash flow with multiple levers to grow value, The Strohm Building stands out.

Location

State CA

County Los Angeles

Area Toluca Lake

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Air Conditioning

Equipment Elevator, Microwave, Refrigerator, Dishwasher, Hood Fan, Range/Oven, Dryer, Washer

Laundry In Unit

Exterior

Parking Features Subterranean

Garage Spaces 36.0

Building

Story 3

Level or Stories Three Or More

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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