Janette Monfared & Zachary Rosen Of Marcus & Millichap Broker $2.05M Sale Of North Hollywood Multifamily Asset

4710 Colfax Avenue, a timeless 8-unit apartment community located in North Hollywood, has been sold for $2.05 million. The property offers swift access to major employment hubs and world-class amenities, presenting a significant rental upside for the new buyer.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Units: 8
• Price Per Unit: $256,250
• Square Footage: 7,532
• Price Per Square Foot: $272
• Address: 4710 Colfax Avenue
• Market: North Hollywood

Janette Monfared & Zachary Rosen from Marcus & Millichap were the brokers in the deal.