Property listed by NorthMarq Realty Services, Inc., 949-717-5200
$999,000
5919 Whitnall Highway is a 6-unit value-add multifamily investment located in the heart of North Hollywood. Built in 1953, the property sits on a 5,004 square foot lot and features a desirable unit mix of two (2) studios and four (4) one-bedroom, one-bathroom units in a two-story garden-style walk-up building.… Read More A detached structure at the rear of the lot provides four covered parking spaces. While the property has been well maintained by long-term ownership, the interiors remain largely in original condition or have seen only modest updates. This presents a compelling opportunity for a new owner to implement a strategic renovation plan for both the unit interiors and exterior facade. With in-place rents approximately 38% below market, 5919 Whitnall Highway offers significant potential for income growth through unit turnover and repositioning. The property benefits from stable current cash flow paired with substantial long-term upside. Read Less
Listing Snapshot
Days Online
102
Last Updated
Beds
4
Square Ft.
3,520
Lot Size
0.11 Acres
Year Built
1953
MLS Number
25575737
Additional Details
Building
Built in 1953, Living area: 3520.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $81,540, Net Operating Income: $48,899
Lot
0.1149 acres
Parking
4 total parking spaces
Taxes
Parcel Number: 2415013010, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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