1912 Whitley AVE, Los Angeles, CA 90068
1912 Whitley AVE, Los Angeles, CA 90068
1912 Whitley AVE, Los Angeles, CA 90068
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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Sam Mu

Sam Mu

+1(949) 258-2228
$ 5,250,000
Est. payment | /mo

8,036 Sqft Lot

Save
$ 5,250,000
Est. payment | /mo
Save

8,036 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26991477

HOA Y/N No

Year Built 1988

Lot Size 8,036 Sqft

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 C03 - Sunset Strip - Hollywood Hills West

Zoning R4-1VL

Interior

Heating Central

Fireplace No

Laundry Common Area

Exterior

Community Features Gated

Total Parking Spaces 22

Building

Lot Description Back Yard, Gentle Sloping, Sprinklers In Front, Landscaped, Sprinkler System

Story 4

Others

Tax ID 5575005010

Security Features Fire Detection System,Fire Sprinkler System,Gated Community,Key Card Entry,Smoke Detector(s)

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Paul Darrow Paul Darrow #01700955

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California 92620, United States

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1912 Whitley AVE