Matthews™ Executes Disposition of Generational North Hollywood Multifamily Asset

LOS ANGELES, CA—Matthews™, a commercial real estate investment services and technology firm, represented the seller in the disposition of a 36-unit multifamily community, located at 7635 Lankershim Boulevard in North Hollywood, California. Matthews™ Executive Vice President & Senior Director Daniel Withers facilitated the $6,850,000 transaction.

This landmark property had remained under the same ownership for nearly 40 years, representing a generational transfer in a highly desirable rental submarket. Located along the Lankershim Boulevard corridor, the asset offers convenient access to the North Hollywood Metro Station, NoHo West, and the broader San Fernando Valley. The property features one-bedroom, one-bathroom units averaging 645 square feet, with additional value-add potential through two possible unit conversions, including a former recreation room and ground-floor storage area.

MJM Visions LLC, a repeat Matthews™ client, brought the previously untraded asset to market to capitalize on multifamily demand across the San Fernando Valley. Withers leveraged the firm’s proprietary technology to create a data-driven marketing campaign to generate competitive interest amongst qualified buyers. Withers guided the transaction through an extensive due diligence process, coordinating with all parties to efficiently satisfy lender and municipal requirements and achieve a successful closing.

“Long-held multifamily assets like 7635 Lankershim rarely come to market, particularly in established Los Angeles rental submarkets,” said Withers. “The transaction reflects the continued demand for well-located properties with long-term upside across the San Fernando Valley.”

For more information, please contact Daniel Withers or visit www.matthews.com.

About Matthews™

Matthews™, a commercial real estate investment services and technology firm, holds recognition as an industry leader in investment sales, leasing, and debt and structured finance. Based out of Nashville, TN, and strategically positioned with over 1,000 agents and employees in 30 offices across the United States, Matthews™ continues to focus on expansion into new markets. For more information, please visit www.matthews.com.