6254 Whitsett Avenue

North Hollywood, CA 91606

$1,475,000
Price
8
Beds
6
Baths
5,088 Sq. Ft.
$290 / Sq. Ft.
5,088
Sq. Ft.
$290
per Sq. Ft.

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...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."

Property Details for 6254 Whitsett Avenue

Zoning
LAR3
Parcel Number
2333008031
Total Units
6.0
Living Area
5088
Source Living Area
Vendor Enhanced
Area
Valley Glen (VG)
Vacancy Rate
3
Lot Size Area
6751

Location

Listing Courtesy of Marcus & Millichap, Jeanette Monfared, DRE #00765098
Add your commute
LISTING UPDATED: 05/16/2024 04:48 PM

Property Details for 6254 Whitsett Avenue

StatusPending
MLS #24-386893
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.15 AC / 6,751 SF
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap, Jeanette Monfared, DRE #00765098
Add your commute

Building Information for 6254 Whitsett Avenue

Stories2Residences-Year Built1956Building Size-Lot Size0.15 AC / 6,751 SF

Payment Calculator

$8,553 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,050

Property Taxes

$503

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6254 Whitsett Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $110,682
  • Net Operating Income: $74,638.00
  • Gross Income: $114,031
  • Cap Rate: 5.06%
  • Gross Rent Multiplier: $12.90
  • Actual Annual Gross Rent: $111,631.00
  • Actual Rent Total: $111,631.00
  • Total Annual Expense: 36044
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.155
  • Lot Size Square Feet: 6751
Parking Details
Parking Details
  • Parking Garage: Carport Detached
  • Total Parking: 6
  • Parking Features: Detached Carport
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Built-Ins
  • Laundry: Room
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-01-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,638.00
  • Unit Actual Rent: $6,552.00
  • Unit Projected Rent: $7,180.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,375.00
  • Unit Actual Rent: $2,751.00
  • Unit Projected Rent: $4,390.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107

Property History for 6254 Whitsett Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6254 Whitsett Avenue

Taxable ValueLand$164,231Additions$246,360Total$410,591
Tax Record2023$6,041 ($503 / month)
Home Facts
Total Finished SqFt5,088 SqFtAbove Grade Finished SqFt5,088 SqFtLot Size6,772 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLAR3CountyLOS ANGELESAPN2333-008-031

Schools near 6254 Whitsett Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
John B. Monlux Elementary School
PublicK to 5

Roy Romer Middle School
Public6 to 8

Ulysses S. Grant Senior High School
Public9 to 12

ISANA Palmati Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Marcus & Millichap, Jeanette Monfared, DRE #00765098

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.