Alan Levy & David Meir

Residential Income - For Sale



NEW:   The Sedona on Laurel Apartments - 5717 Laurel Canyon Blvd., Valley Village, CA

Price:$10,700,000
Building SqFt:48,457 sqft
Cost Per Unit:$198,148
CAP:5.35%
Lot Size:32,104
Yearbuilt:1986

NEW. Built in 1986, and having had major rehab completed in 2005-2006, this 54-unit, non-rent controlled apartment building offers significant upgrades and numerous desirable amenities. The Sedona on Laurel is located on the west side of Laurel Canyon between Burbank and Oxnard in the vibrant city of Valley Village. Its proximity to Ventura Blvd. and the 101 and 170 Freeways is a desirable feature for residents who like the convenience of easy access to work and leisure. A great assumable loan is in place, and the property is priced for a quick sale.

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SOLD:   16 (14 + 1GR & 1NC) Unit Apartment Building - Van Nuys, California

Price:$2,550,000
Building SqFt:14,652
GRM:10.59
CAP:6.42%
Lot Size:9,352
Yearbuilt:1988 - NO Rent Control


SOLD:   36 (33 +3NC) Unit Apartment Building - Van Nuys, California

Price:$3,400,000
Building SqFt:26,241
GRM:9.83
CAP:5.89%
Lot Size:45,340
Yearbuilt:1962 - Rent Controlled!


SOLD:   54 Unit Apartment Building - Valley Village, California

Price:$9,900,000
Building SqFt:48,457
GRM:10.84
CAP:5.81%
Lot Size:32,104
Yearbuilt:1986 - Not Rent Controlled!



SOLD:   46 Unit Apartment Building - North Hollywood, California

Price:$5,850,000
Building SqFt:19,954
GRM:13.77
CAP:4.95%
Lot Size:26,136
Yearbuilt:1968


SOLD:   36 Unit Apartment Building - Canoga Park, California

Price:$7,000,000
Building SqFt:37,788
GRM:15.05
CAP:2.92%
Lot Size:29,344
Yearbuilt:1982


SOLD:   15 Unit Apartment Building - Reseda, California

Price:$1,550,000
Building SqFt:9,082
GRM:10.72
CAP:6.25%
Lot Size:11,914
Yearbuilt:1964


SOLD:   36 Unit Apartment Building - Canoga Park, California

Price:$4,550,000
Building SqFt:29,479
GRM:12.11
CAP:4.53%
Lot Size:34,848
Yearbuilt:1964 (Rent-Controlled)


SOLD:   72 Unit Apartment Building - Canoga Park, California

Price:$9,500,000
Building SqFt:58,958
GRM:12.08
CAP:4.59%
Lot Size:70,558
Yearbuilt:1964 (Rent-Controlled)


SOLD:   65 Unit Apartment Building - Van Nuys, California

Price:$5,995,000
Building SqFt:44,358
GRM:10.69
CAP:5.63%
Lot Size:62,726
Yearbuilt:1972 - Rent-Controlled


SOLD:   36 (34 + 2 NC) Unit Apartment Building - Northridge, California

Price:$4,650,000
Building SqFt:37,453
GRM:10.93
CAP:5.63%
Lot Size:25,849
Yearbuilt:1964 - Rent-Controlled


SOLD:   27 (+ 1 NC) Unit Apartment Building - Winnetka, California

Price:$2,550,000
Building SqFt:17,990
GRM:9.81
CAP:5.45%
Lot Size:22,046
Yearbuilt:1963


SOLD:   27 Unit Apartment Building - North Hills, California

Price:$3,195,000
Building SqFt:16,378
GRM:11.50
CAP:5.17%
Lot Size:29,600
Yearbuilt:1985


SOLD:   22 Unit Apartment Building - Glendale, California

Price:$3,500,000
Building SqFt:18,098 Gross
GRM:11.04
CAP:5.67%
Lot Size:17,380
Yearbuilt:1962 - Glendale - No Rent Control


SOLD:   26 Unit Apartment Building - Los Angeles, California

Price:$7,100,000
Building SqFt:37,554 Gross, 28,790 Rentable
GRM:12.16
CAP:4.69%
Lot Size:21,288
Yearbuilt:1990


SOLD:   52 Unit Apartment Building - Tarzana, California

Price:$5,800,000
Building SqFt:29,912
GRM:11.15
CAP:5.75%
Lot Size:54,560
Yearbuilt:1979 - No Rent Control


SOLD:   6 Unit Apartment Building - Valley Village, California

Price:$750,000
Building SqFt:4,794
GRM:16.85
CAP:3.90%
Lot Size:6,599
Yearbuilt:1954


SOLD:   5 Unit Apartment Building - Van Nuys, California

Price:$500,000
Building SqFt:4,603
GRM:11.21
CAP:5.63%
Lot Size:6,247
Yearbuilt:1965


SOLD:   16 Unit Apartment Complex - Northridge, California

Price:$1,475,000
Building SqFt:11,406
GRM:10.12
CAP:6.25%
Lot Size:13,629
Yearbuilt:1959


SOLD:   38 Units - Canoga Park, California

Price:$3,800,000
Building SqFt:24,874
GRM:10.69
CAP:6.07%
Lot Size:45,716
Yearbuilt:1979 - No Rent Control


SOLD:   43 Units - Valley Glen, California

Price:$3,795,000
Building SqFt:38,814
GRM:8.61
CAP:7.10%
Lot Size:34,255
Yearbuilt:1965


SOLD:   43 Units - Burbank, California

Price:$4,300,000
Building SqFt:n/a
GRM:9.66
CAP:6.82%
Lot Size:n/a
Yearbuilt:1961


SOLD:   35 Units - Panorama City, California

Price:$1,850,000
Building SqFt:27,440 sqft
GRM:7.36
CAP:9.13%
Lot Size:32,447 sqft
Yearbuilt:1961


SOLD:   20 Units - North Hollywood, California

Price:$1,450,000
Building SqFt:18,908 sqft
GRM:7.87
CAP:7.28%
Lot Size:32,626 sqft
Yearbuilt:1976


SOLD:   50 Units - Northridge, California

Price:$3,250,000
Building SqFt:41,383 sqft
GRM:7.87
CAP:7.87%
Lot Size:46,609 sqft
Yearbuilt:1964


SOLD:   100 Units (34U, 36U & 30U) - Los Angeles, California

Price:$2,360,000
Building SqFt:18,294, 14,892 & 17,145 sqft
GRM:4.27
CAP:5.19%
Lot Size:6,882, 23,261 & 7,492 sqft
Yearbuilt:1912, 1955 & 1930


SOLD:   70 Units - Sylmar, California

Price:$4,780,000
Building SqFt:62,412 sqft
GRM:7.53
CAP:8.42%
Lot Size:81,457 sqft
Yearbuilt:1986


SOLD:   17 Units - North Hollywood, California

Price:$1,140,000
Building SqFt:16,986 sqft
GRM:7.08
CAP:8.79%
Lot Size:14,032 sqft
Yearbuilt:1959


SOLD:   26 Units - Sherman Oaks, California

Price:$2,200,000
Building SqFt:22,026 sqft
GRM:9.05
CAP:7.52%
Lot Size:20,247 sqft
Yearbuilt:1970


SOLD:   20 Units - North Hollywood, California

Price:$935,000
Building SqFt:11,800 sqft
GRM:7.46
CAP:7.85%
Lot Size:8,834 sqft
Yearbuilt:1987 - No Rent Control


SOLD:   19 Units - Canoga Park, California

Price:$899,000
Building SqFt:13,164 sqft
GRM:7.13
CAP:7.67%
Lot Size:25,914 sqft
Yearbuilt:1958


SOLD:   14 Units - Sylmar, California

Price:$1,170,000
Building SqFt:14,692 sqft
GRM:7.51
CAP:9.09%
Lot Size:37,120 sqft
Yearbuilt:1955 No Rent Control (Certifcate of Occupany issued 1989) Major Update & Rehab completed in 2000


SOLD:   18 Units - Van Nuys, California

Price:$1,095,000
Building SqFt:16,846 sqft
GRM:6.82
CAP:8.90%
Lot Size:28,798 sqft
Yearbuilt:1965 (SFR w/ Gst. Hse. 1965)


SOLD:   20 Units - Sherman Oaks, California

Price:$2,095,000
Building SqFt:16,504 sqft
GRM:8.85
CAP:8.21%
Lot Size:21,497 sqft
Yearbuilt:1959 (Major Rehab completed 1995)