Meta Housing Sells 198-Unit Multifamily Community The Piedmont In North Hollywood For $45M

The property involved in the transaction is a multifamily asset located at 6750 Whitsett Avenue in North Hollywood. The sale price was $45,000,000 for the 198-unit age-restricted mixed-income community known as The Piedmont. The total square footage of the property is 119,000, leading to a price per unit of $227,272 and a price per square foot of $378.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $45,000,000
• Units: 198
• Square Footage: 119,000
• Price Per Unit: $227,272
• Price Per Square Foot: $378
• Seller: Meta Housing
• Brokers: Vince Norris, Jim Fisher, Mike Smith, Tommy Yates & Steven Goldstein - NorthMarq

The transaction was part of a larger three-property senior housing portfolio consisting of 579 units located in prime infill locations. This portfolio also included Coventry Court in Tustin and Burbank Senior Artists’ Colony. The sale was successfully completed by NorthMarq’s Westlake Village Investment Sales team led by Jim Fisher, Steven Goldstein, Vince Norris, Mike Smith, and Tommy Yates.