7045 WHITSETT Avenue, North Hollywood, CA 91605

About this property

Strong North Hollywood Location - The subject property is located at 7045 Whitsett Ave, about two blocks north of Vanowen St, across from the Whitsett Sports Field in North Hollywood. Excellent Unit Mix - 2 & 3 Bedroom Units - The subject property consist of (2) 1 Bed / 1 Bath, (3) 2 Bed / 1 Bath & (1) 3 Bed / 2 Bath. Rental Upside - The subject property has the opportunity to grow the net operating income with approximately 19% in rental upside. Two Units Have Recent Renovations - Unit 3 & Unit 5 have been recently renovated with new kitchen cabinets, new flooring, new paint, bathroom fixtures, and appliances. Solid In-Place Income - The property provides a 4.20% cap on the in-place income.

Listing description from the September 2020 sale, as reported to CRMLS.

Sale history

$1,425,000

Sold September 2020 · listed $1,460,000, orig. $1,480,000, on market June 2020 · MLS #20589582 · Source: CRMLS

Listing Agent: Elliot Hassan · Listing Office: James Capital Advisors, Inc. · Contact: 424-325-2604 · Bought with: Elliot Hassan · James Capital Advisors, Inc.

$935,000

Sold November 2017 · listed $999,900, on market August 2017 · MLS #SR17185113 · Source: CRMLS

Listing Agent: Brian Reyes · Listing Office: Pinnacle Estate Properties, In · Contact: 818-933-3100 · Bought with: Brian Reyes · Pinnacle Estate Properties, In

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