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6716 Whitsett Ave North Hollywood, CA 91606
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Key Details
Sold Price $1,350,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,616 sqft
Price per Sqft $292
MLS Listing ID 21-783690
Sold Date 11/10/21
Bedrooms 8
Year Built 1958
Lot Size 7,199 Sqft
Acres 0.1653
Property Sub-Type Multi-Family
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.
Location
State CA
County Los Angeles
Area Valley Glen
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment Built-Ins
Exterior
Parking Features Carport Attached
Garage Spaces 5.0
Building
Story 2
Others
Special Listing Condition Standard
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Bought with Sean Inesta, Broker