1912 Whitley Ave - Apartments FOR SALE


Los Angeles, CA 90068- Hollywood Hills
$5,250,000 USD
310-742-9964
1912 Whitley Ave, Los Angeles, CA for Sale
$5,250,000 USD
Apartments - FOR SALE
1/6
null | 5.24% Cap Rate

1912 Whitley Ave
Los Angeles, CA 90068
Hollywood Hills


HIGHLIGHTS

  • One of Only Two Non-RSO Assets in Whitley Heights - Built in 1988, 1912 Whitley is one of only two multifamily assets in historic Whitley Heights.
  • Priced ~42% Below Replacement Cost - Provides investors a compelling basis relative to the estimated cost of developing a comparable asset today.
  • 22.13% Projected Rent Growth - Hollywood effective rents are projected to increase 22.13% over the next five years.
  • Only Five Post-1980 Sales in Five Years - Just five post-1980 multifamily assets have traded above Franklin Avenue over the past five years.
  • Hollywood Hills Home Values Exceed $1.8M - Median home values exceed $1.8M and have increased approximately 47% since 2019.
  • $750M Annual Film Tax Credit - California expanded its annual film tax credit to $750M as Los Angeles production increased ~10% from fall 2025 levels.

OVERVIEW

Walker & Dunlop Investment Sales, Inc. (WDIS), as exclusive advisor, is pleased to present 1912 Whitley Avenue, a compelling opportunity to acquire a 15-unit, RSO-exempt multifamily community in Whitley Heights, a historic Hollywood Hills neighborhood with median home values above $1.8 million, strategically positioned between Hollywood and Universal City. The Property is offered at $5,250,000 and sits roughly 42% below the cost to build or renovate a comparable asset, creating a significant barrier to new competition at comparable rental rates. With California’s $750 million film tax credit supporting a 53% year-over-year increase in approved productions, Hollywood’s recovery should drive above-average rental demand and appreciation for 1912 Whitley over the investment horizon. **Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.

FOR SALE DETAILS

PRICE

$5,250,000 USD

PRICE/SF

$364 USD /SF

# OF UNITS

15

PRICE/UNIT

$350,000

CAP RATE

5.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

15 Units | 1988 Construction | RSO-Exempt

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1998

PARKING SPACES

23

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,759 SF

ZONING

[Q]R4-1VL

APN/PARCEL ID

5575-005-010

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.