closing price of $5,000 above the listing price
August 23, 2019
6938 Coldwater Canyon is value-add rent-controlled apartment building in North Hollywood, CA. The building was built in 1964 and has a superior unit mix comprised of 4 one-bedroom units and 6 two-bedroom units. The challenge for Transwestern was to sell the property at an above-market price despite a great deal of deferred maintenance, a soft-story retrofit requirement and current rents at almost 50% below market.