1912 Whitley Avenue, Los Angeles, CA 90068
List Price: $5.25M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1988
Lot Size: 8,036.82 sq ft
MLS Number: 26991477
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.
Listing provided by: Paul Darrow DRE #01700955 310-742-9964 pdarrow@walkerdunlop.com, Paul Darrow
Source: CRMLS, MLS #: 26991477
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.