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6254 Whitsett Ave North Hollywood, CA 91606
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Key Details
Sold Price $1,375,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,088 sqft
Price per Sqft $270
MLS Listing ID 24-386893
Sold Date 07/09/24
Bedrooms 8
Year Built 1956
Lot Size 6,751 Sqft
Acres 0.155
Property Description
INVESTMENT HIGHLIGHTS: Marketing Package attached under Docs. Six (6) Large Units Located on Desirable Whitsett Avenue in North Hollywood; Apartments Average 848 square feet of Space; Current Cap Rate equal to 5.06%; Unit Mix of Two 2 Bd/1Ba and Four 1 Bd/1Ba Apartments; No Seismic Retrofit Needed; Per Apartments.com : "As of April 2024, the average rent in North Hollywood, CA is $1,875 per month. This is 24% higher than the national average rent price of $1,514/month, making NorthHollywood one of the most expensive cities in the US. When you rent an apartment in North Hollywood, you can expect to pay about $1,735 per month for a studio, $1,875 for a one-bedroom apartment, and around $2,414 for a two-bedroom apartment."
Location
State CA
County Los Angeles
Area Valley Glen
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Wall/Window
Equipment Built-Ins
Laundry Room
Exterior
Parking Features Carport Detached
Garage Spaces 6.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard
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Bought with Marcus & Millichap
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