8 Units | North Hollywood | Second Sale for Repeat Client
Considering selling? Get a complimentary, confidential valuation.
The LAAA Team of Marcus & Millichap is pleased to announce the successful closing of 5905 Whitnall Hwy, an 8-unit multifamily property in North Hollywood, which sold for $1,475,000 on May 7, 2026.
This closing had a longer history than a typical listing. Our team previously sold 5905 Whitnall in August 2021 for $1,325,000. The buyer from that transaction later became our seller, giving us the opportunity to advise the same client through the full ownership cycle: acquisition, ownership, renewed sale strategy, escrow, and resale. The 2026 closing marks the second time our team sold the same property.
The property was marketed as an 8-unit value-add apartment building in North Hollywood with approximately 5,337 square feet, a 1961 year built, and a unit mix that included a studio ADU, one-bedroom units, and two-bedroom units. At the final sale price, the deal closed at approximately $184,375 per unit and $276.37 per square foot, with a current cap rate of 5.88% and current GRM of 10.06 based on the final closing metrics provided for the transaction.
The sale also had a meaningful rent-growth story. The final rent statement showed total monthly rent of $10,652.40, with one vacant unit at closing. The final operating summary showed current gross scheduled rent of $146,640 and pro forma gross scheduled rent of $224,100, creating a clear value-add thesis for a buyer focused on future income growth.
Because the asset had below-market rents and one vacant unit at closing, both sides needed clear alignment around income, vacancy, financing, insurance, and closing timing. The transaction ultimately recorded on May 7, 2026, 79 days after escrow opened and 36 days after the first public marketing launch.
For the seller, this was not just another closing. It was the completion of a full-cycle relationship with the LAAA Team: a property purchased through our team in 2021, held through changing market conditions, and then sold again through our team in 2026. The result was a successful resale at $1,475,000, $150,000 above the prior 2021 sale price.
