7635 Lankershim Blvd, North Hollywood, CA 91605

Generational asset. First sale since 1987.

36-unit apartment community with an efficient (36) 1-bedroom / 1-bathroom unit mix.

Two potential conversion opportunities for additional units, includes a former recreation room (currently used as a manager office) and a ground floor storage area, both offering potential to be converted into additional units.

Nearby NoHo West retail center with shopping, dining, and entertainment options.

Onsite solar power system generates energy to support a thermal water heating system with storage that services the property.

Constructed in 1986, offering relatively newer improvements compared to much of the surrounding housing stock.

Ownership has implemented a Ratio Utility Billing System (RUBS) program, allowing for the reimbursement of utility expenses and providing an opportunity to enhance operational efficiency and income stability.

Close proximity to North Hollywood Metro Station providing convenient regional transit access.

Minutes from the NoHo Arts District, featuring theaters, restaurants, and nightlife.

Strong rental demand driven by proximity to employment centers and entertainment industry hubs.

Property Description

The 36-unit apartment community at 7635 Lankershim Blvd presents an attractive multifamily investment opportunity in the heart of North Hollywood. Built in 1986, the property consists of (36) spacious one-bedroom, one-bathroom units, offering an efficient and highly desirable unit mix for renters seeking quality housing in the San Fernando Valley. Situated along the well-traveled Lankershim Boulevard corridor, the property benefits from excellent accessibility to employment centers, retail amenities, and everyday conveniences that enhance tenant demand and long-term occupancy.

The 36-unit apartment community at 7635 Lankershim Blvd presents a compelling multifamily investment opportunity in the heart of North Hollywood. Offered for the first time in over 37 years, this generational asset has been under long-term ownership since its original development in 1986, providing investors with a rare opportunity to acquire a tightly held property in a high-demand rental submarket.

The property consists of (36) spacious one-bedroom, one-bathroom units, offering an efficient and highly desirable unit mix for renters seeking quality housing in the San Fernando Valley. In addition to the existing improvements, the asset features two potential conversion opportunities from currently nonconforming spaces, including a former recreation room (now utilized as the manager’s office) and a ground-floor storage area, both of which may offer the ability to create additional units, subject to buyer verification.

Situated along the well-traveled Lankershim Boulevard corridor, the property benefits from excellent accessibility to major employment centers, retail amenities, and everyday conveniences that support strong tenant demand and long-term occupancy. Residents enjoy close proximity to a variety of lifestyle and transportation amenities that make North Hollywood one of the Valley’s most dynamic rental markets. The property is located near the North Hollywood station, a major transit hub connecting the Metro B Line subway and G Line busway, providing convenient access throughout Los Angeles.

The surrounding neighborhood also offers abundant shopping, dining, and entertainment options, including the popular NoHo West retail destination and the vibrant NoHo Arts District, known for its theaters, restaurants, and cultural venues. These nearby amenities, combined with strong regional connectivity and continued neighborhood revitalization, position the property to benefit from sustained rental demand and long-term appreciation.