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8241 Whitsett Ave
North Hollywood, CA 91605
4.52% CAP | $287/SF | Seismic Complete · Multifamily Property For Sale
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13 Units
Investment Highlights
- Current Rents Approximately 40% Below Market, Allowing for Continued Long-Term Income Growth
- Available for Only $287 per Square Foot When Similar Properties Have Sold for an Average of $340 per Square Foot
- All Seismic Retrofit Repairs Completed (Buyer to Verify)
- Attractive 4.52% CAP Rate Based on In-Place Income
- Excellent Unit Mix -- Most Units are Two Bedrooms or Larger
- Allowable Seismic Retrofit Rent Increases are Ready Once Restrictions are Lifted
Property Facts
| No. Units | 13 | Lot Size | 0.28 AC |
| Property Type | Multifamily | Building Size | 10,784 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1962 |
| Zoning | R3, Los Angeles | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 10,784 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Zoning | R3, Los Angeles |
Amenities
Unit Amenities
- Storage Space
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | $1,215 | 540 |
| 2+1 | 4 | $1,498 | 900 |
| 2+2 | 3 | $1,354 | 950 |
| 3+2 | 1 | $2,100 | 1,100 |
Property Taxes
| Parcel Number | 2308-005-019 | Improvements Assessment | $1,040,400 |
| Land Assessment | $1,872,720 | Total Assessment | $2,913,120 |
Property Taxes
Parcel Number
2308-005-019
Land Assessment
$1,872,720
Improvements Assessment
$1,040,400
Total Assessment
$2,913,120
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