1912 Whitley Ave, Los Angeles, CA 90068
- $4,850,000
- 15
- BD
- 15
- BA
- 14,433
- SqFt
- List Price
- $4,850,000
- Price Change
- ▼ $400,000 1793137156
- MLS#
- 26101725
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 15
- Bathrooms
- 15
- Living Area
- 14,433
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.
Additional Information
- Year Built
- 1988
- Garage
- Assigned, Covered Parking, Electric Vehicle Charging Station(s), Garage, Gated Underground, Private, Private Garage, Tandem
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Courtesy of Paul Darrow, Paul Darrow.
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