Iconic Investments is pleased to announce the sale of Rancho Vega Apartments in North Hollywood. Rancho Vega is a unique property featuring 126 units with 20 separate buildings, spiraled over 10 acres at Cahuenga Blvd. and Oxnard Street. The property is so large and expansive there is a private street named Edison Way that runs right down the middle.
Sale Price - Call for Details
126 Units on 10 Acres
7-Day Due Diligence
30-Day Close of Escrow
All-Cash Sale
Significant Deferred Maintenance
Many Legacy Tenants!
Iconic Represented Seller & Buyer
1st time on the market in over 50+ years. It was inherited by family members who soon realized that owning units is a headache - selling was an easier alternative than managing or repositioning the asset. Although the land is over 10 acres, the zoning is LAR2 making it difficult to develop.
