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Prime Location Owners Unit Large Private Yard 6254 Whitsett Ave 6 Unit Apartment Building $1,440,000 ($240,000/Unit) 5.65% Cap Rate North Hollywood, CA 91606
Executive Summary
Desirable Whitsett Avenue Location!! Owner's unit with extra large private yard. Detached parking. On-site laundry facilities. Strong current income with upside potential upon unit turnover.The property is ideally located just minutes from the vibrant NoHo Arts District and the newly developed NOHO West Plaza, providing residents with easy access to trendy dining, boutique shopping, and diverse entertainment. For outdoor enthusiasts, the nearby Tujunga Wash Greenway and Laurel Grove Park offer beautiful green spaces for walking and recreation. Marketing package attached.
Property Facts
| Price | $1,440,000 | Apartment Style | Low-Rise |
| Price Per Unit | $240,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.65% | Building Size | 6,527 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 0.83/1,000 SF |
| Zoning | R3, N. Hollywood | ||
| Price | $1,440,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 11.7 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 6,527 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | R3, N. Hollywood |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 715 - 810 |
| 2+1 | 2 | - | 948 - 1,025 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2333-008-031 | Improvements Assessment | $550,000 |
| Land Assessment | $825,000 | Total Assessment | $1,375,000 |
Property Taxes
Parcel Number
2333-008-031
Land Assessment
$825,000
Improvements Assessment
$550,000
Total Assessment
$1,375,000
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Prime Location Owners Unit Large Private Yard | 6254 Whitsett Ave
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