16 Units in NoHo Artist District for $4.5M

Morrison 16 - Two 8-unit buildings in North Hollywood

List Price: $4,500,000 Two adjacent 8-unit multifamily properties Neighborhood: NoHo Arts District Current Cap Rate: 3.93% Current GRM: 14.85 11255 & 11259 Morrison Street, North Hollywood, CA 91601 *** LOAN IS ASSUMABLE: 1.0% assumption fee 2.554% current, variable rate Adjusts every 6 months, at 0.50% Current loan balance is $2.11M Commercial Broker David Levine Bramante […]