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    6716 Whitsett Ave

    North Hollywood, CA 91606
    • $1,365,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 21-783690
    $1,365,000
    • 8
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,616
      SQFT
    • $296
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:
    Area:

    School Ratings & Info

    Description

    Seismic Retrofit Completed; Two Units Fully Remodeled; Additional income from Pass-through of Capital Improvements to Tenants Post Covid; Desirable North Hollywood Location; Unit Mix Consists of Three 2 Bedroom ( one and two baths) and Two 1 bedroom units; 5 On-Site Parking Spaces; 100% Rent Collection; The property offers a current Cap rate of 4.8%. Rents can be increased post- Covid by the allowable pass-through amount for the retrofit correction. Units are large and bright and average 923 square feet of space. First Floor apartments each have a generously sized private patio and upstairs units have large balconies and a private deck. The convenient location of this asset represent a Value-Add opportunity that is well suited for strong returns over the term of the investment.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T23:42:34.71. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/121422243
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    6716 Whitsett Ave North Hollywood, CA 91606

    • Price: $1,365,000
    • Status: Active
    • MLS #: 21-783690
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,616
    SQFT
    $296
    $/SQFT
    1958
    Built
    Neighborhood:
    Valley Glen
    County:
    Los Angeles
    Area:
    Valley Glen
    Property Description
    Seismic Retrofit Completed; Two Units Fully Remodeled; Additional income from Pass-through of Capital Improvements to Tenants Post Covid; Desirable North Hollywood Location; Unit Mix Consists of Three 2 Bedroom ( one and two baths) and Two 1 bedroom units; 5 On-Site Parking Spaces; 100% Rent Collection; The property offers a current Cap rate of 4.8%. Rents can be increased post- Covid by the allowable pass-through amount for the retrofit correction. Units are large and bright and average 923 square feet of space. First Floor apartments each have a generously sized private patio and upstairs units have large balconies and a private deck. The convenient location of this asset represent a Value-Add opportunity that is well suited for strong returns over the term of the investment.
    Exterior Features

    Lot Size Area 7199 Other Structures None Parking Garage Carport Attached Total Parking 5

    Interior Features

    Baths Total 6.00 Cooling Wall/Window Equipment Built-Ins Heating Wall

    Property Features

    Assessed Total Value 903827 Gross Income 98975 Gross Operating Income 96042 Like Units1 2 Like Units2 1 Like Units3 2 Net Operating Income 65413.00 Number Of Buildings 1 Number Of Units 5 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Vendor Enhanced Total Annual Expense 30629 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Jeanette Monfared DRE#00765098 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T23:42:34.71. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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