7635 Lankershim Blvd

Generational Asset: First sale since 1987.
Efficient Unit Mix: 36-unit apartment community with an efficient (36) 1-bedroom / 1-bathroom unit mix.
Conversion Opportunities: Two potential conversion opportunities for additional units, includes a former recreation room (currently used as a manager office) and a ground floor storage area, both offering potential to be converted into additional units.
Retail Proximity: Nearby NoHo West retail center with shopping, dining, and entertainment options.
Solar Power System: Onsite solar power system generates energy to support a thermal water heating system with storage that services the property.
Newer Construction: Constructed in 1986, offering relatively newer improvements compared to much of the surrounding housing stock.
Utility Reimbursement: Ownership has implemented a Ratio Utility Billing System (RUBS) program, allowing for the reimbursement of utility expenses and providing an opportunity to enhance operational efficiency and income stability.
Transit Access: Close proximity to North Hollywood Metro Station providing convenient regional transit access.
Arts District Access: Minutes from the NoHo Arts District, featuring theaters, restaurants, and nightlife.
Strong Rental Demand: Strong rental demand driven by proximity to employment centers and entertainment industry hubs.

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