11565 RIVERSIDE DR North Hollywood, CA 91602

We are pleased to announce the sale of 11565 Riverside Drive, a seven-unit multifamily property that was constructed in 2000 and is therefore not subject to Los Angeles rent control. Consisting entirely of two bedroom townhouse-style units, each well-appointed townhouse includes its own in-unit washer and dryer, as well as central air and heat, fireplace, and wood flooring. Rarely does a non-rent control property present such immediate rent upside, but this fully-occupied property contains a tenant base that has resided in the building for an average of nearly seven years, and current rents are approximately 39% below those of similar properties in the area.With 7,500 rentable square feet spread over the seven units, the building's large floorplans and ample parking - with two tandem parking spaces allocated to each unit - may help the new owner to command higher rents. Each unit includes its own individual water heater, several of which have been recently replaced.