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10455 Magnolia Boulevard, North Hollywood, CA 91601

Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
10455 Magnolia Boulevard,North Hollywood, CA 91601
$9,800,000
  • 35 Beds
  • 35 Baths
  • 23,644 sq. ft.
  • Multi-family
  • Active
Listed by: filip niculete, glen scher
Office: marcus & millichap
MLS#:25604039
Source:CRMLS

Price summary

  • Price:$9,800,000
  • Price per sq. ft.:$414.48

About this home

The Strohm Building at 10455 W Magnolia Blvd is a 2016-vintage, elevator-served, 26-unit asset with rooftop amenities in the heart of North Hollywood. Delivered with a March 17, 2016 CofO and fully sprinklered (NFPA-13), the property offers modern systems, in-unit laundry, and secured parkingchecks every "institutional" box while remaining a manageable, sub-30-unit scale. The asset is unencumbered by rent control or affordability covenants not subject to Los Angeles RSO and exempt from AB 1482 through 2031 allowing an investor to implement market-driven rent strategy without statutory caps. In-place rents are approximately 14% below market across a balanced mix of studios, one-bedroom with a den, and two-bedroom/two-bathroom plans, with the seller planning approximately 5% increases on eligible units prior to close. That creates an immediate NOI lift at acquisition and a clear, organic path to stabilization over upcoming lease turns. A straightforward ADU conversion of a portion of

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Home facts

  • Year built:2016
  • Listing ID #:25604039
  • Added:113 day(s) ago
  • Updated:January 25, 2026 at 11:31 AM

Rooms and interior

  • Bedrooms:35
  • Total bathrooms:35
  • Living area:23,644 sq. ft.

Heating and cooling

  • Heating:Central

Structure and exterior

  • Year built:2016
  • Building area:23,644 sq. ft.
  • Lot area:0.3 Acres

Finances and disclosures

  • Price:$9,800,000
  • Price per sq. ft.:$414.48
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