The property is located at 13100-13200 Vanowen St. in North Hollywood. It contains 116 units. The occupancy level was 97% at time of sale, reflecting a strong rental market that has sent the vacancy factor in many Southland markets into the low single digits.
Seller Solomon Weinberg and the buyer, Group One El Monte Properties, were both represented by a brokerage team consisting of Douglas McCauley, Joe Chavez and Enrique Wong. All three brokers are from Marcus & Millichap Real Estate Investment Brokerage's Ontario office.
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