OFFERING MEMORANDUM The DeMille Apartments 7716 Laurel Canyon Blvd | North Hollywood, CA MATTHEWS REAL ESTATE INVESTMENT SERVICES INVESTMENT REAL ESTATE MATTHEWS 2 2 | APARTMENT NAME CONTENTS 04 |PROPERTY OVERVIEW MATTHEWS REAL ESTATE INVESTMENT SERVICES INVESTMENT REAL ESTATE MATTHEWS 06 |AREA OVERVIEW - SAN FERNANDO VALLEY 10 |FINANCIAL OVERVIEW EXCLUSIVELY LISTED BY BRANDON DICKER ASSOCIATE-MULTIFAMILY Direct +1 818 923 6118 Mobile +1 818 523 1754
[email protected] License No. 01958894 (CA) DAVID HARRINGTON EVP & NATIONAL DIRECTOR - MULTIFAMILY Direct +1 310 295 1170 Mobile +1 310 497 5590
[email protected] License No. 01320460 (CA) 3 MATTHEWS REAL ESTATE INVESTMENT SERVICES INVESTMENT REAL ESTATE MATTHEWS 4 Property Overview OPPORTUNITY PROPERTY DESCRIPTION 7716 Laurel Canyon Boulevard presents a unique opportunity to capitalize • 16 Units, Built in 1970 MATTHEWS REAL ESTATE INVESTMENT SERVICES INVESTMENT REAL ESTATE MATTHEWS on a well maintained multifamily property in one of Los Angeles’s most • Tremendous Rent Upside Potential of 83% popular rental markets, North Hollywood. Built in 1970, the building has • Great Mix of One, Two, and Three Bedroom Units been maintained very well and has a quiet and secluded feel. With central AC, heating, and on-site laundry, tenants are provided with the essentials • Building Size of 14,979 Square Feet and amenities of living in a prime neighborhood. This building will provide • Currently 100% Occupied an investor a great value-add opportunity with tremendous upside in rents • Lot Size of 0.45 Acres with R3 Zoning upwards of 89 percent. • Front Structure is Two Stories with 10 units, Back Structure is Two Stories with 6 Units The building consists of 16 units which include six one-bedroom units, • Units Feature Central Air Conditioning nine two-bedroom units, and one three-bedroom unit.