5919 Whitnall Hwy 6 Unit Apartment Building $999,000 ($166,500/Unit) 4.89% Cap Rate North Hollywood, CA 91601

PRICE ADJUSTMENT!!!
Northmarq, as the exclusive listing agent, is pleased to present the opportunity to acquire 5919 Whitnall Highway, a 6-unit value-add multifamily investment located in the heart of North Hollywood.
Built in 1953, the property sits on a 5,004 square foot lot and features a desirable unit mix of two (2) studios and four (4) one-bedroom, one-bathroom units in a two-story garden-style walk-up building. A detached structure at the rear of the lot provides four covered parking spaces.
While the property has been well maintained by long-term ownership, the interiors remain largely in original condition or have seen only modest updates. This presents a compelling opportunity for a new owner to implement a strategic renovation plan for both the unit interiors and exterior façade. With in-place rents approximately 38% below market, 5919 Whitnall Highway offers significant potential for income growth through unit turnover and repositioning. The property benefits from stable current cash flow paired with substantial long-term upside.
Beyond the asset itself, the location is a key value driver. North Hollywood and its surrounding neighborhoods including Burbank, Valley Village, and Toluca Lake continue to emerge as some of the most dynamic and desirable submarkets in the San Fernando Valley. Proximity to major employers such as Warner Bros. and NBC Universal, along with the area’s ongoing urban revitalization, has contributed to increased renter demand. The neighborhood is home to a vibrant arts district, diverse dining and retail options, and improved public transportation, making it especially attractive to the modern renter.