1912 Whitley Ave, Los Angeles, CA 90068
1912 Whitley Ave, Los Angeles, CA 90068
1912 Whitley Ave, Los Angeles, CA 90068
6
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$5,250,000
Est. payment /mo
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15 Beds
15 Baths
14,433 SqFt
Active

1912 Whitley Ave Los Angeles, CA 90068

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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

NEARBY SCHOOL & BUSINESS

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Todd Kingsley

Todd Kingsley

Agent License ID: 02118744

+1(310) 710-8633

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1912 Whitley Ave