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1912 Whitley AVE Los Angeles, CA 90068
8,036 Sqft Lot
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26991477
HOA Y/N No
Year Built 1988
Lot Size 8,036 Sqft
Property Description
Walker & Dunlop Investment Sales, Inc. (WDIS), as exclusive advisor, is pleased to present 1912 Whitley Avenue, a compelling opportunity to acquire a 15-unit, RSO-exempt multifamily community in Whitley Heights, a historic Hollywood Hills neighborhood with median home values above $1.8 million, strategically positioned between Hollywood and Universal City. The Property is offered at $5,250,000 and sits roughly 42% below the cost to build or renovate a comparable asset, creating a significant barrier to new competition at comparable rental rates. With California's $750 million film tax credit supporting a 53% year-over-year increase in approved productions, Hollywood's recovery should drive above-average rental demand and appreciation for 1912 Whitley over the investment horizon.**Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.
Location
State CA
County Los Angeles
Area C03 - Sunset Strip - Hollywood Hills West
Zoning R4-1VL
Interior
Heating Central
Fireplace No
Laundry Common Area
Exterior
Community Features Gated
Total Parking Spaces 22
Building
Lot Description Back Yard, Gentle Sloping, Sprinklers In Front, Landscaped, Sprinkler System
Story 4
Others
Tax ID 5575005010
Security Features Fire Detection System,Fire Sprinkler System,Gated Community,Key Card Entry,Smoke Detector(s)
Special Listing Condition Standard
Listed by Paul Darrow Paul Darrow #01700955
Kim And Raquel - Good Day Home Team
Agent License ID: 01165332/370499
+1(661) 373-6597 | kimthurman365@gmail.com