5965 Whitnall Highway

North Hollywood, CA 91606

$1,000,000
Price
6
Beds
4
Baths
2,392 Sq. Ft.
$418 / Sq. Ft.
2,392
Sq. Ft.
$418
per Sq. Ft.

Description

We are pleased to present a 4 unit value add investment opportunity near Oxnard and Vineland in North Hollywood with approximately 34% rental upside! Excellent unit mix of two 2 bedroom / 1 bath units and 2 one bedroom / 1 bath units. The well-maintained building features a brand new roof, new windows, and in-unit improvements such as granite countertops, remodeled bathrooms, and updated flooring. Uncovered parking in the front of the building with 4 parking spaces which may be converted to ADUs...We are pleased to present a 4 unit value add investment opportunity near Oxnard and Vineland in North Hollywood with approximately 34% rental upside! Excellent unit mix of two 2 bedroom / 1 bath units and 2 one bedroom / 1 bath units. The well-maintained building features a brand new roof, new windows, and in-unit improvements such as granite countertops, remodeled bathrooms, and updated flooring. Uncovered parking in the front of the building with 4 parking spaces which may be converted to ADUs for additional rental income. Minutes away from the new NoHo West Shopping Center, NoHo Arts District, Burbank Airport, and the numerous restaurants, theaters, and art galleries on Lankershim Boulevard, the property is in a booming rental market, making it a solid investment opportunity.
  1. Listed by Anie Mayelian • DRE #00778825 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas
  2. Listed by Aleen Mayelian • DRE #02198281 • Brokerage DRE #01872625 • Keller Williams Realty Calabasas

Property Details for 5965 Whitnall Highway

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2392
Assessor Parcel Number
2415-012-027
Property Attached YN
true

Location

Listing Courtesy of Keller Williams Realty Calabasas, Anie Mayelian, DRE #00778825; Keller Williams Realty Calabasas, Aleen Mayelian, DRE #02198281
Add your commute
LISTING UPDATED: 04/16/2024 04:57 AM

Property Details for 5965 Whitnall Highway

StatusActive Under Contract
MLS #SR24066611
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1954
Lot Size0.12 AC / 5,079 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Realty Calabasas, Anie Mayelian, DRE #00778825; Keller Williams Realty Calabasas, Aleen Mayelian, DRE #02198281
Add your commute

Building Information for 5965 Whitnall Highway

Stories2Residences-Year Built1954Building Size-Lot Size0.12 AC / 5,079 SF

Payment Calculator

$5,740 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,457

Property Taxes

$283

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5965 Whitnall Highway

Income / Expense / Tax Details
Income Details
  • Gross Income: $73,805
  • Gross Scheduled Income: $73,805
  • Vacancy Allowance: 2214
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $71,591
  • Net Operating Income: $51,425
  • Gross Multiplier: 13.6
  • Cap Rate: 5.1
Expense Details
  • Operating Expense: $20,165
  • New Taxes Expense: $12,500
  • Gardener Expense: $1,080
  • Fuel Expense: $0
  • Electric Expense: $2,185
  • Insurance Expense: $2,000
  • Maintenance Expense: $2,400
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $20,165
Tax / Assessment Info
  • Tax Block: 8
  • Tax Tract Number: 9854
  • Tax Census Tract: 1243.00
  • CFD/Mello-Roos Fee: $395
  • Tax Lot: 16
Community / Development
Community / Development
  • Community Features: Curbs, Park, Sidewalks, Storm Drains, Street Lights
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
Exterior Features
  • Entry Location: Whitnall Hwy
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,179
  • Unit Type Total Rent: $2,179
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,279
  • Unit Type Total Rent: $1,279
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,659
  • Unit Type Total Rent: $1,659
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,023
  • Unit Type Total Rent: $1,023
  • Unit Type Pro Forma: 1900
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1

Property History for 5965 Whitnall Highway

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5965 Whitnall Highway

Taxable ValueLand$156,533Additions$93,913Total$250,446
Tax Record2023$3,399 ($283 / month)
Home Facts
Total Finished SqFt2,392 SqFtAbove Grade Finished SqFt2,392 SqFtLot Size5,079 SqFtStyleQuadraplexYear Built1954ZoningLAC2CountyLOS ANGELESAPN2415-012-027

Schools near 5965 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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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty Calabasas, Anie Mayelian, DRE #00778825; Keller Williams Realty Calabasas, Aleen Mayelian, DRE #02198281

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.