5851 Whitnall Highway
5851 Whitnall Highway
$1,220,000
8
7
4,888
4,888
$250
Sold 8/18/23
Description
This is an opportunity to acquire 5851 Whitnall Hwy, a 7-unit value add opportunity located in North Hollywood. Built in 1962, 5851 Whitnall Hwy offers a subsequent owner with a resilient in place cash flow with substantial upside potential as current rents are approximately 45% below market. An astute investor will unlock this potential through strategic interior and exterior community enhancements as there is a high demand for product in the North Hollywood Submarket. 5851 Whitnall is has been...This is an opportunity to acquire 5851 Whitnall Hwy, a 7-unit value add opportunity located in North Hollywood. Built in 1962, 5851 Whitnall Hwy offers a subsequent owner with a resilient in place cash flow with substantial upside potential as current rents are approximately 45% below market. An astute investor will unlock this potential through strategic interior and exterior community enhancements as there is a high demand for product in the North Hollywood Submarket. 5851 Whitnall is has been well maintained by current ownership and various improvements have been made to the building throughout ownership. However, the unit interiors are either in near-original condition or have been modestly upgraded, affording the subsequent owner the opportunity to strategically reposition the unit interiors upon natural turnover or through a more aggressive management approach. The building is situated on a 5,110 square foot parcel and is comprised of one two story building with soft story tuck under parking. The property features a unique unit mix comprised of (5) one-bedroom/one-bathroom units measuring approximately 650 square feet and (2) two-bedroom/ one-bathroom units measuring just over 800 square feet.
- Listed by Elliot Hassan • DRE #01481211 • Brokerage DRE #01837608 • NorthMarq Realty Services, Inc.
Property Details for 5851 Whitnall Highway
Zoning
LAR3
Parcel Number2415015008
Total Units7.0
Living Area4888
Source Living AreaVendor Enhanced
AreaNorth Hollywood (NHO)
Vacancy Rate0
Lot Size Area5110
Location
LISTING UPDATED: 08/22/2023 01:05 PM
Property Details for 5851 Whitnall Highway
Status | Sold |
---|---|
MLS # | 23-233027 |
Days on Market | 109 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1962 |
Lot Size | 0.12 AC / 5,110 SF |
County | Los Angeles County |
Location
Building Information for 5851 Whitnall Highway
Stories2Residences-Year Built1962Building Size-Lot Size0.12 AC / 5,110 SF
Payment Calculator
$7,548 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 5851 Whitnall Highway
Property History for 5851 Whitnall Highway
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5851 Whitnall Highway
Taxable ValueLand$416,624Additions$393,472Total$810,096
Tax Record2023$10,675 ($890 / month)
Home Facts
Total Finished SqFt4,888 SqFtAbove Grade Finished SqFt4,888 SqFtLot Size5,110 SqFtStyleMulti-Family Res (5+ Units)Year Built1962ZoningLAR3CountyLOS ANGELESAPN2415-015-008
Schools near 5851 Whitnall Highway
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 11 |
Rating | School | Distance |
---|---|---|
Oxnard Street Elementary School PublicK to 5 | ||
Walter Reed Middle School Public6 to 8 | ||
East Valley Senior High School Public9 to 12 | ||
Science Academy STEM Magnet Public6 to 11 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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