Lee & Associates Transacts Sale of 15-Unit Apartment Building for $2,450,000

NORTH HOLLYWOOD, CA – May 25, 2011 – (RealEstateRama) –A 15-unit multifamily asset here was sold for $2,450,000, among the highest prices paid on a per square foot and on a gross rent multiplier basis in the North Hollywood submarket since 2007, according to Jeff McGuire, Senior Vice President, Special Assets and a Principal of Lee & Associates-LA North/Ventura, Inc, who represented the buyer and the seller in the transaction.