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Executive Summary

Six-unit multifamily investment opportunity in North Hollywood offering significant rental upside and two vacant units. Unit mix consists of (2) 1 bedroom 1 bath units, (2) 2 bedroom 1 bath units and (2) 3 bedroom 2 bath units. The building contains approximately 5,278 square feet and is situated on an approximately 7,635-square-foot lot, with each unit separately metered for gas and electricity. Recent improvements include new interior and exterior electrical panels and a new garage carport roof. The property is conveniently located near the 170, 101, and 5 freeways. Two vacant units and potential to increase rents, the property presents an attractive opportunity for an investor seeking immediate leasing flexibility and long-term value creation. Information has been obtained from sources believed to be reliable; however, no representations or warranties, expressed or implied, are made regarding its accuracy. Square footage, lot size, unit details, and property age are approximate, and the buyer is responsible for independently verifying all information.

Financial Summary (Actual - 2025)

Annual Annual Per SF
Gross Rental Income $136,932 $25.94
Other Income $1,500 $0.28
Vacancy Loss - -
Effective Gross Income $138,432 $26.23
Taxes $18,687 $3.54
Operating Expenses $28,357 $5.37
Total Expenses $47,044 $8.91
Net Operating Income $91,388 $17.31

Financial Summary (Actual - 2025)

Gross Rental Income
Annual $136,932
Annual Per SF $25.94
Other Income
Annual $1,500
Annual Per SF $0.28
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $138,432
Annual Per SF $26.23
Taxes
Annual $18,687
Annual Per SF $3.54
Operating Expenses
Annual $28,357
Annual Per SF $5.37
Total Expenses
Annual $47,044
Annual Per SF $8.91
Net Operating Income
Annual $91,388
Annual Per SF $17.31

Property Facts

Price $1,495,000
Price Per Unit $249,167
Sale Type Investment
Cap Rate 6.11%
Gross Rent Multiplier 10.79
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 5,278 SF
Average Occupancy 100%
No. Stories 2
Year Built 1957
Parking Ratio 1.01/1,000 SF
Zoning LAR3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 - -
1+1 2 - -
3+2 2 - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
2324-030-036
Land Assessment
$800,802
Improvements Assessment
$533,866
Total Assessment
$1,334,668
Annual Taxes
$18,687 ($3.54/SF)
Tax Year
2025
  • Listing ID: 41479126

  • Date on Market: 7/29/2026

  • Last Updated:

  • Address: 6925 Whitsett Ave, North Hollywood, CA 91605

Contact the Sale Advisor

6925 Whitsett Ave

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