NAI Capital Brokers Sale Of Five-Unit Multifamily Property In Hollywood For $4.25M

A five-unit luxury multifamily property located at 1002 North Hudson Avenue in Hollywood, California, was sold for $4.25 million. The asset encompasses a land area of 0.16 acres and contains a total square footage of 11,500, which breaks down to a price per unit of $850,000 and a price per square foot of $370. The property, constructed in 2018, features upscale amenities in each of the three-bedroom residences and is fully leased.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,250,000
• Units: 5
• Price Per Unit: $850,000
• Square Footage: 11,500
• Price Per Square Foot: $370
• Market: Hollywood, CA
• Brokers: Steve Liu & Alex Tohidian - NAI Capital

The transaction was brokered by Steve Liu and Alex Tohidian, representing NAI Capital. This deal reflects a significant investment in the multifamily sector of Hollywood, showcasing a modern property with desirable leasing opportunities.