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North Hollywood, CA 91601 5965 Whitnall Highway

$1,000,000

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Presented By: Anie Mayelian with Keller Williams Realty Calabasas;
  • MLS# SR24066611
  • 04/04/2024
  • Request Tour
  • Request Info
  • BedBeds • 6
  • BathBaths • 4
  • FootageSQFT • 2,392

Home Details

We are pleased to present a 4 unit value add investment opportunity near Oxnard and Vineland in North Hollywood with approximately 34% rental upside! Excellent unit mix of two 2 bedroom / 1 bath units and 2 one bedroom / 1 bath units. The well-maintained building features a brand new roof, new windows, and in-unit improvements such as granite countertops, remodeled bathrooms, and updated flooring. Uncovered parking in the front of the building with 4 parking spaces which may be converted to ADUs for additional rental income. Minutes away from the new NoHo West Shopping Center, NoHo Arts District, Burbank Airport, and the numerous restaurants, theaters, and art galleries on Lankershim Boulevard, the property is in a booming rental market, making it a solid investment opportunity.
Presented By: Anie Mayelian with Keller Williams Realty Calabasas;

Interior Features for 5965 Whitnall Highway

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixHighway
Total Stories2

Other Rooms

Entry Level1

General for 5965 Whitnall Highway

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.1
Carport Y/NNo
CityNorth Hollywood
Community FeaturesCurbs, Park, StormDrains, StreetLights, Sidewalks
CountyLos Angeles
Days on Market12
DirectionsOxnard St & Vineland Ave
Electric Expense2185.0
Entry LocationWhitnall Hwy
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income73805.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense2000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Conventional, FHA
Lot Size Square Feet5079.0
MLS AreaNHO - North Hollywood
MaintenanceExpense2400.0
MobileHomeRemainsYNNo
Net Operating Income51425.0
New ConstructionNo
Number of Units Leased4
Open Parking Spaces4.0
Operating Expense20165.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubTypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NameWhitnall
Tax Lot16
Taxes$12,500
Total Actual Rent73675.0
Total Units4
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1954
Year Built SourceAssessor
ZoningLAC2

Exterior for 5965 Whitnall Highway

Building Area Total2392.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1166
Lot Size Area5079.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,000,000
MLS#SR24066611
List Date 04/04/2024
Property Type Multi-Family
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors