NORTH HOLLYWOOD, CA – December 16, 2014 – (RealEstateRama) — Christopher Arvizu, Vice President with NAI Capital’s Orange County office represented the seller, SOCAL MACAPITAL, LLC, in the sale of a 12-unit multifamily property located at 6648-6650 Lemp Avenue in North Hollywood, CA to the buyer, Duck and Cover Productions.
“Through NAI Capital’s strategic marketing campaign and local market experience the Seller was able to achieve approximately 99% of the asking price which represents the highest price per square sold within the immediate area in the last 6 months (COSTAR),” notes Christopher Arvizu.
6648-50 Lemp Avenue consists of twelve one bedroom units on a large lot approximately 9,988 square feet. Many of the interiors have been upgraded with granite counter-tops and laminate flooring. The property has a pitched roof, copper plumbing, on-site secured parking, and is separately metered for gas & electricity.
The property is located in North Hollywood which is in close proximity to the 170, 134, & 5 Freeways and just minutes from NoHo Arts District & Metro Red Line.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California member of NAI Global, a premier real estate service network in 55 countries with 375 local offices and 6,700 local market leaders spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage BRE #00806840.
Contact: Sharon Fitzgerald, Public Relations, 818.742.1655 and