$5,250,000
FOR SALEActive1912 Whitley Avenue
Los Angeles CA 90068
14,433
SF
Commercial
Type
1988
Built
$364/SF
Cost/SF
Listing Agent
Location Analysis
About This Property
Walker & Dunlop Investment Sales, Inc. (WDIS), as exclusive advisor, is pleased to present 1912 Whitley Avenue, a compelling opportunity to acquire a 15-unit, RSO-exempt multifamily community in Whitley Heights, a historic Hollywood Hills neighborhood with median home values above $1.8 million, strategically positioned between Hollywood and Universal City. The Property is offered at $5,250,000 and sits roughly 42% below the cost to build or renovate a comparable asset, creating a significant barrier to new competition at comparable rental rates. With California's $750 million film tax credit supporting a 53% year-over-year increase in approved productions, Hollywood's recovery should drive above-average rental demand and appreciation for 1912 Whitley over the investment horizon.**Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.
Property Information
Property Overview
Commercial
Property Type
Active
Status
R4-1VL
Zoning
0.1845 acres
Lot Size
15
Total Units
14,433 SF
Square Footage
$363.75/SF
Price per SF
5.24%
Cap Rate
$275K
NOI
1,988
Year Built
4
Stories
22
Parking Total
1.52
Parking Ratio
Property Highlights
N/A Property
Prime Location with High Visibility
5.24% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
5.24%
Cap Rate
$275,141
NOI
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CRMLS
MLS# 26991477
Listed:
Nalren refreshed:
Last updated
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Listed by: Paul Darrow
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.