Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

6,015 sqft

Lot size

5,002 sqft

Year built

2021

Stories

3

Heating

Central

Status

Active

Days on market

18

MLS #

247019282

About this property

The Highlight Group of Equity Union Commercial, as the exclusive listing agent, is pleased to present the opportunity to acquire 5631 Whitnall Hwy., a condo quality four-unit multifamily investment property located in the North Hollywood neighborhood of Los Angeles. Built in 2021, the 6,015 square foot property sits on a 5,000 square-foot lot and is arranged as two buildings addressed 5631, 5631, 5633 and 5633.All four homes are three-bedroom plans averaging 1,504 square feet. Because the improvements were completed in 2021, the property is currently exempt from the Los Angeles Rent Stabilization Ordinance and from the statewide cap on new construction, and one of the four units is vacant and available to lease at market today. UNIT DETAILS: Units 5631 and 5631 are 3Bed+3.5Bath plans. Units 5633 and 5633 are 3Bed+3Bath plans. Across 6,015 square feet of building area the four homes average 1,504 square feet, materially larger than the surrounding rental stock and closer in scale to a small single-family home. Kitchens are finished with stainless steel appliance packages, including gas range/oven, refrigerator, microwave, and dishwasher, complemented by premium hardwood cabinetry and white tile backsplashes. Bedrooms are generously sized and include walk-in closets with built-in shelving for added storage. Bathrooms feature glass sliding shower doors, oversized vanities, and white tile finishes that create a spa-like feel. Each unit is further enhanced by a private two-car garage, central A/C and heating, in-unit laundry, recessed lighting, neutral-toned hardwood flooring, and a private balcony with neighborhood views. This combination of unit quality and functionality positions the property to command premium rents and attract long-term, quality tenants.

Location

5631 Whitnall Highway

Los Angeles, Los Angeles, CA, 91601