5220 Harmony Avenue, North Hollywood, CA 91601
This 70 unit property spans over a 1.28 acres of land and totals 63,441 of building square feet. This property has been operating as a low income housing project (TCAC) and had the opportunity to be re-syndicated for an additional 15 years with a new buyer. The unit mix consists of 22-One Bedrooms, 28-Two Bedrooms, 9-Three Bedrooms, and 11-Four Bedroom Units.
GRM: 14.03 CAP: 5.41% $/UNIT: $159,500
Over the last 23 years, Henry Garcia has sold over 1 billion dollars in real estate. Henry has been able to build trust, rapport and a track record with many of LA's largest apartment owners. He's helped Sellers get top dollar for their properties. He's also helped Buyers find value add and off market opportunities throughout his career.