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8560 Whitworth Drive
Los Angeles, CA 90035
Sold
8560 Whitworth Drive
Los Angeles, CA 90035
Sold
Located 1 block south of Olympic Blvd. & La Cienega Blvd (blo, 8560 Whitworth is a 6-unit value-add complex offered at $249 per foot, 5.6% CAP & 11.57 GRM on current rents. 8560 Whitworth is adjacent to Beverly Hills and Carthay Square, 2 exclusive neighborhoods under constant demand by high-income young professionals and families. The property is 0.7 miles from Wilshire Blvd, providing convenient access to the METRO Purple Line La Cienega Station (expected completion in 2025), and a wealth of financial, entertainment, healthcare, and law employers along Wilshire Blvd and the greater Beverly Hills area. In addition, 8560 Whitworth is near the Beverly Hills Tennis Club and La Cienega Park & Recreation Center. Built in 1959, this corner-lot property features (2) 3-bdrm. units & (2) 2-bdrm.units, and (2) 1-bdrm. units. Please note, there is a VACANT 2-bdrm. unit and VACANT 1-bdrm. unit. 8560 Whitworth is offered at $316,667 per unit, $249 per foot, 5.60% CAP and 11.57 GRM on current rents. This value-add opportunity with approx. 23% rental upside. At projected market rents, property will stabilize at a 8.34% CAP and 9.01 GRM. Property amenities include 6 tandem parking spaces (covered and surface), community laundry, and seismic retrofitting is not required (buyer to verify).
PROPERTY INFORMATION
| MLS # | 24418287 | Lot Size | 6,248 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,900,000
Price Per SqFt: $ 249 |
DOM | 317 Days |
| Address | 8560 Whitworth Drive | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 7,636 Sq. Ft. |
| Postal Code | 90035 | Garage | N/A |
| County | Los Angeles | Year Built | 1959 |
| Bed / Bath | 12 / 0 | Parking | 6 |
| Built In | 1959 | Status | Closed |
| Sold Date | 2024-10-03 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community |
| Has Appliances | Yes |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Flooring Information | Wood, Carpet |
| InteriorFeatures Information | Ceiling Fan(s) |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,027
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 07/22/2024 | Listed | $1,900,000 |
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Listing provided courtesy of Kenny Stevens, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
