1912 Whitley Avenue, Los Angeles, CA 90068
- $5,250,000
Listing courtesy of Listing Agent: Paul Darrow (pdarrow@walkerdunlop.com) from Listing Office: Paul Darrow.
- List Price
- $5,250,000
- Status
- ACTIVE
- Days on Market
- 8
- MLS#
- 26991477
- Subtype
- Commercial Sale
- Year Built
- 1988
- Lot Size
- 8,036
- Acres
- 0.18
- MLS Area Major
- Sunset Strip - Hollywood Hills West (C03)
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.
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Additional Information
- Zoning
- R4-1VL
- Heating
- Central
- Air Conditioning
- Yes
- Exterior Construction
- Stucco
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.