1912 Whitley Ave, Los Angeles, CA 90068
1912 Whitley Ave, Los Angeles, CA 90068
1912 Whitley Ave, Los Angeles, CA 90068
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$4,850,000
Est. payment /mo
15 Beds
15 Baths
14,433 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,433 sqft

Price per Sqft $336

MLS Listing ID 26101725

Bedrooms 15

Year Built 1988

Lot Size 8,035 Sqft

Acres 0.1845

Property Sub-Type Multi-Family

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 Sunset Strip - Hollywood Hills West

Zoning [Q]R4-1VL

Rooms

Other Rooms None

Interior

Interior Features Elevator

Heating Central

Cooling Air Conditioning

Equipment Dishwasher, Elevator, Dryer, Refrigerator, Washer

Laundry Community, Laundry Area

Exterior

Parking Features Assigned, Covered Parking, Electric Vehicle Charging Station(s), Garage, Gated Underground, Private, Private Garage, Tandem

Garage Spaces 22.0

Building

Lot Description Gated Community

Level or Stories Multi/Split

Others

Special Listing Condition Standard


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TheMLS (CLAW)
Listed by Paul Darrow
Gabriel Colombo

Gabriel Colombo

Agent License ID: 02266753

+1(213) 259-6619

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1912 Whitley Ave