7601 Whitsett Ave - Apartments FOR SALE


North Hollywood, CA 91605
$1,400,000 USD
818-380-5294
7601 Whitsett Ave, North Hollywood, CA for Sale
$1,400,000 USD
Apartments - FOR SALE
1/13
null | 5.73% Cap Rate

7601 Whitsett Ave
North Hollywood, CA 91605


HIGHLIGHTS

  • Eight (8) unit multifamily property built in 1958
  • 9.24 GRM and a 5.73% CAP rate, offered at $283.06 per square foot!
  • Four (4) 1+1 units & four (4) 2+1 units
  • Six (6) on-site parking spaces
  • New roof installed in 2020 and new windows throughout the property
  • Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood!

OVERVIEW

7601 Whitsett Avenue is a well-maintained eight-unit, multifamily property. Built in 1958, this two-story building offers 4,946 square feet of rentable living space on a 7,006 square foot LAR3-zoned corner lot. The building features a balanced unit mix of four (4) two-bedroom/one-bathroom units and four (4) one-bedroom/one-bathroom units. The property provides six (6) on-site parking spaces and recent improvements include a new roof installed in 2020 and new windows throughout the property. Located in a North Hollywood, the property benefits from excellent proximity to major employment centers, transit, and lifestyle amenities. Residents enjoy convenient access to the NoHo Arts District, home to theaters, studios, galleries, and popular dining destinations such as Republic of Pie and Granville. Nearby retail and entertainment options include Universal Studios Hollywood, Universal CityWalk, and Burbank Empire Center. The property is also situated near major employment hubs including Warner Bros. Studios, NBCUniversal, as well as the broader media and post-production corridor throughout Burbank and Studio City. Commuter access is exceptional, with convenient access to the 170, 101, and 5 freeways along with the North Hollywood Metro Station, providing direct connectivity to Downtown Los Angeles and the Westside. Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood! The property is located within the city of Los Angeles and is subject to Rent Control.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$251 USD /SF

# OF UNITS

8

PRICE/UNIT

$175,000

CAP RATE

5.73%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,977 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

2307-018-021

ASK ABOUT THIS PROPERTY

Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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Nicole ApostolosEquity Union Real EstateMore Info
818-380-5294

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