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5851 Whitnall Highway
North Hollywood, CA 91601
Sold
5851 Whitnall Highway
North Hollywood, CA 91601
Sold
This is an opportunity to acquire 5851 Whitnall Hwy, a 7-unit value add opportunity located in North Hollywood. Built in 1962, 5851 Whitnall Hwy offers a subsequent owner with a resilient in place cash flow with substantial upside potential as current rents are approximately 45% below market. An astute investor will unlock this potential through strategic interior and exterior community enhancements as there is a high demand for product in the North Hollywood Submarket. 5851 Whitnall is has been well maintained by current ownership and various improvements have been made to the building throughout ownership. However, the unit interiors are either in near-original condition or have been modestly upgraded, affording the subsequent owner the opportunity to strategically reposition the unit interiors upon natural turnover or through a more aggressive management approach. The building is situated on a 5,110 square foot parcel and is comprised of one two story building with soft story tuck under parking. The property features a unique unit mix comprised of (5) one-bedroom/one-bathroom units measuring approximately 650 square feet and (2) two-bedroom/ one-bathroom units measuring just over 800 square feet.
PROPERTY INFORMATION
| MLS # | 23233027 | Lot Size | 5,110 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,250,000
Price Per SqFt: $ 256 |
DOM | 835 Days |
| Address | 5851 Whitnall Highway | Type | Residential Income |
| City | North Hollywood | Sq.Ft. | 4,888 Sq. Ft. |
| Postal Code | 91601 | Garage | N/A |
| County | Los Angeles | Year Built | 1962 |
| Bed / Bath | 8 / 0 | Parking | 7 |
| Built In | 1962 | Status | Closed |
| Sold Date | 2023-08-18 |
INTERIOR FEATURES
| Has Heating | Yes |
| Heating Information | Wall Furnace |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,333
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/30/2023 | Active Under Contract | $1,250,000 |
| 01/16/2023 | Listed | $1,300,000 |
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Listing provided courtesy of Elliot Hassan, NorthMarq Realty Services, Inc.. 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.
