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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
Listing Status Sold
Purchase Type For Sale
Square Footage 4,616 sqft
Price per Sqft $292
MLS Listing ID 21783690
Sold Date 11/10/21
HOA Y/N No
Year Built 1958
Lot Size 7,200 Sqft
Acres 0.1653
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 Vg - Valley Glen
Zoning LAR3
Interior
Heating WallFurnace
Cooling WallWindowUnits
Fireplace No
Exterior
Garage AttachedCarport
Parking Type AttachedCarport
Total Parking Spaces 5
Building
Story 2
New Construction No
Others
Senior Community No
Tax ID 2333001027
Special Listing Condition Standard
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Bought with Sean Inesta • Sean Inesta, Broker