NORTH HOLLYWOOD, CA – Michael B. Rubin with NAI Capital’s Westlake Village office represented the buyer, Imperial Gull, LLC, in the purchase of a 12 unit multifamily property located at 7015 Whitsett Ave from Robert and Sylvia Brown.  The sale was valued at $1,870,000.00.

“Great Experience. Co-operating real estate brokers are alive and well” said Senior Associate, Michael B. Rubin.

The 12 unit building, in a non-rent controlled area, was built in 1985 and has been very well maintained. With full copper plumbing, a new roof, balconies and walkways that were revamped in 2006, a new water heater/boiler installed in 2007, this investment comes with many renovated features.  Interior amenities vary among the units, but may include new countertops, tile bathroom floors, wood laminate flooring, vanities, fireplaces, central air/heat, dishwashers, and brand new sinks/faucets. Each of the 12 units features a private balcony or patio, which also helps to secure top market rents.

The property features convenient access to the Hollywood 170 freeway and is located within one mile of Ralph’s, Smart & Final, Kmart, Staples and El Super Market.

For information regarding this transaction contact Michael B. Rubin mrubin@naicapital.com at NAI Capital’s Westlake Village office at (805) 446-2400.