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

15 Beds

15 Baths

14,433 SqFt


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

15 Beds

15 Baths

14,433 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 14,433 sqft

Price per Sqft $363

MLS Listing ID 26991477

Bedrooms 15

Year Built 1988

Acres 0.1845

Property Sub-Type Multi-Family

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 Sunset Strip - Hollywood Hills West

Zoning R4-1VL

Interior

Heating Central

Laundry Community

Exterior

Garage Spaces 22.0

Building

Story 4

Structure Type Stucco

Others

Special Listing Condition Standard

TheMLS (CLAW)
Listed by Paul Darrow

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1912 Whitley Ave