6254 Whitsett Ave - Apartments FOR SALE


North Hollywood, CA 91606
$1,425,000 USD
310-245-5600
6254 Whitsett Ave, North Hollywood, CA for Sale
$1,425,000 USD
Apartments - FOR SALE
1/17
null | 5.69% Cap Rate

6254 Whitsett Ave
North Hollywood, CA 91606


OVERVIEW

Desirable Valley Glen with Owner's Unit featuring Large Private Enclosed Patio. In-Place Cash Flow: $120,665 in gross income with a 5.65% cap rate, providing steady initial yield for a 6-unit San Fernando Valley asset. Property Features: Detached carport parking (6 spaces) and on-site laundry facilities. Rental Upside Strategy: 30%+ rent growth to reach full market potential. ADU Potential: With LAR3 zoning and a 6,751 sq. ft. lot, converting detached carport structures or garages into an Accessory Dwelling Unit (ADU) could add an immediate 7th revenue stream. Appreciation DriversPrime Location: Minutes from the NoHo Arts District and NOHO West retail plaza, driving strong tenant demand from young professionals and entertainment industry workers. Transit & Access: Proximity to the North Hollywood B Line (Red) Metro station and major Valley thoroughfares positions the asset well for long-term infill land value growth.

FOR SALE DETAILS

PRICE

$1,425,000 USD

PRICE/SF

$218 USD /SF

# OF UNITS

6

PRICE/UNIT

$237,500

CAP RATE

5.69%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Owner's unit with Large Private Patio

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,797 SF

ZONING

R3, N. Hollywood

APN/PARCEL ID

2333-008-031

ASK ABOUT THIS PROPERTY

Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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Janette MonfaredMarcus & MillichapMore Info
310-245-5600

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