5905 Whitnall Hwy - Apartments FOR SALE


North Hollywood, CA 91601
$1,595,000 USD
818-212-2748
5905 Whitnall Hwy, North Hollywood, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/11
null | 5.35% Cap Rate

5905 Whitnall Hwy
North Hollywood, CA 91601


HIGHLIGHTS

  • Below Market In Place Rents – Significant Upside Through Rent Mark-to-Market and Natural Tenant Turnover
  • Diverse Unit Mix – Studio ADU, 1B/1B, 2B/1B, And 2B/2B Units Appeal to a Broad Renter Base
  • ADU Component – Existing Studio ADU Enhances Income Diversification and Aligns with State Housing Initiatives
  • Value Add Upside – Opportunity to Increase Rents Through Interior Renovations and Improved Management
  • Infill North Hollywood Location – High-Demand Rental Pocket with Limited New Multifamily Supply
  • Strong Rental Fundamentals – Proximity to Employment Centers, Transit, and Lifestyle Amenities

OVERVIEW

The LAAA Team of Marcus & Millichap is pleased to present 5905 Whitnall Highway, an eight-unit multifamily investment opportunity located in the heart of North Hollywood. This offering provides investors with an attractive entry point into one of the San Fernando Valley’s most dynamic rental submarkets, characterized by strong tenant demand, limited new supply, and long-term rental growth drivers. The property’s diversified unit mix, infill location, and in-place rents that are well below current market levels position the asset for both stable cash flow and meaningful upside through operational efficiencies and rent mark-to-market strategies. The subject property is an eight-unit multifamily asset improved with a well-balanced mix of unit types, including one studio ADU, four onebedroom/ one-bath units, two two-bedroom/one-bath units, and one two-bedroom/two-bath unit. Constructed in 1961, the building encompasses approximately 5,008 square feet of living area on a roughly 4,905-square-foot lot and is zoned LAR3, allowing for increased density and long-term redevelopment optionality. The diverse floorplan composition appeals to a broad tenant base while below-market in-place rents provide a clear value-add opportunity through interior upgrades, improved management, and natural tenant turnover. Situated in North Hollywood, the property benefits from proximity to major employment centers, transit corridors, and lifestyle amenities that continue to drive renter demand. The neighborhood is anchored by access to the NoHo Arts District, major thoroughfares including the 170 and 101 Freeways, and a wide array of retail, dining, and entertainment options. This infill location, combined with the area’s ongoing revitalization and strong demographic fundamentals, supports sustained rental demand and positions 5905 Whitnall Highway as a compelling long-term hold in a supply-constrained, high-demand Los Angeles submarket.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

8

PRICE/UNIT

$199,375

CAP RATE

5.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add Opportunity | Below Market Rents

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,905 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2415-013-013

ASK ABOUT THIS PROPERTY

Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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