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

15

Building size

14,433 sqft

Lot size

8,035 sqft

Year built

1988

Stories

0

Heating

Central

Status

Active

Days on market

33

MLS #

248370803

About this property

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

1912 Whitley Avenue

Los Angeles, Los Angeles, CA, 90068