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Sold for $6,300,000 · Nov 2020

SOLD

Listed at $6,800,000

Sold

4100 Whitsett Avenue, Studio City, CA 91604

Studio City, CA

MLS# 20643756

14,577 Sq Ft • Property25bd • 25ba
15 days on market

Listing Agent

Roderick 'Rick' Raymundo

Listing Agent

Marcus & Millichap

DRE #: 01357019

Brokerage: Marcus & Millichap

Property Details

25

Bedrooms

25

Bathrooms

14,577 sqft

Square Feet

1986

Year Built

6,099 sqft

Lot Size

$432

Price/Sq Ft

N/A

Garage Spaces

N/A

HOA

Property

Property Type

Description

Built in 1986, the property is not subject to Los Angeles rent control, instead allowing for higher annual rent increases. The current owner launched a successful value-add program that generated an average of $623 in additional monthly rent for each unit that was renovated, establishing higher levels of proven rents and creating a path for the next owner to increase cash flow and asset value. In addition to its superb location within desirable Studio City, another local highlight that directly benefits the property is the upcoming development of River Park directly across the street. Recently purchased by Harvard-Westlake School, the 16-acre site is projected to soon house several brand new athletic facilities, ponds, a jogging trail, and acres of green space. The entire area, including tennis courts, swimming pools, and parks, will be available for use by both Harvard-Westlake students as well as the general public.

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

Facts & Features

Details

Cooling
CentralAir
Heating
Central

Sale history for 4100 Whitsett Avenue

2 recorded sales

$6,300,000
Sold November 2020 · listed $6,800,000, on market November 2020, 15 days on market · MLS #20643756 · Source: CRMLS
Listing Agent: Roderick 'Rick' Raymundo · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap
$5,395,000
Sold August 2019 · on market August 2019 · MLS #19501050 · Source: CRMLS
Listing Agent: Roderick 'Rick' Raymundo · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Roderick 'Rick' Raymundo · Marcus & Millichap

How this sale compares

4100 Whitsett Avenue sold for $6,300,000 in November 2020, 7.4% under its $6,800,000 list price, after 15 days on the market. That works out to $432 per square foot on 14,577 square feet. Across 177 closed sales in 91604 over the last 12 months, the median sold price is $1,855,000 and the median is $821 per square foot, 90% above this sale's $432.

$432
This sale, per sq ft
$821
91604 median per sq ft (12 mo)
$1,855,000
91604 median sold price (12 mo)
177
Closed sales in 91604 (12 mo)
15
Days on market
−7.4%
Sold vs. list price
QuarterClosed sales in 91604Median sold price
Q1 202611$2,625,000
Q2 202685$1,810,000
Q3 202669$1,910,000
Q4 202612$1,511,500

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Studio City · Homes for sale in 91604

Recent sales near 4100 Whitsett Avenue

Closed sales reported in 91604, nearest first, last 12 months. All recent sales in Studio City →

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