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8560 Whitworth Dr
Los Angeles, CA 90035
33% Vacant & $249 per Foot & 5.6% CAP · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Located 1 block south of Olympic Blvd, the property is adjacent to Beverly Hils and Carthay Square, and 0.7 miles from Purple Line La Cienega Station.
- Large spacious units - 7.500 building SF for 6 units.
- Value-add opportunity with approx. 23% rental upside. At projected market rents, the property will stabilize at a 8.34% CAP and 9.01 GRM.
- Corner-lot property features (2) 3-bdrm. units & (2) 2-bdrm. units, and (2) 1-bdrm. units. There is a VACANT 2-bdrm. unit and VACANT 1-bdrm. unit.
- Currently offered at $316,667 per unit, $250 per foot, 5.60% CAP and 11.57 GRM on current rents.
- Property amenities include 6 tandem parking spaces (covered and surface), community laundry, and seismic retrofitting is not required (buyer to verify
Property Facts
| No. Units | 6 | Building Size | 7,636 SF |
| Property Type | Multifamily | Average Occupancy | 67% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1959 |
| Building Class | C | Parking Ratio | 0.79/1,000 SF |
| Lot Size | 0.15 AC | ||
| Zoning | LAR3 - Neighborhood Commercial | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,636 SF |
| Average Occupancy | 67% |
| No. Stories | 2 |
| Year Built | 1959 |
| Parking Ratio | 0.79/1,000 SF |
| Zoning | LAR3 - Neighborhood Commercial |
Amenities
Unit Amenities
- Balcony
- Ceiling Fans
- Carpet
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | $2,210 | - |
| 2+2 | 2 | $2,575 | - |
| 1+1 | 2 | $2,025 | - |
Property Taxes
| Parcel Number | 4332-026-022 | Improvements Assessment | $820,000 |
| Land Assessment | $1,232,000 | Total Assessment | $2,052,000 |
Property Taxes
Parcel Number
4332-026-022
Land Assessment
$1,232,000
Improvements Assessment
$820,000
Total Assessment
$2,052,000
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