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$ 1,050,000
Est. payment | /mo
3,520 SqFt
$ 1,050,000
Est. payment | /mo
3,520 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,520 sqft
Price per Sqft $298
MLS Listing ID CL25575737
HOA Y/N No
Year Built 1953
Lot Size 5,007 Sqft
Acres 0.11
Property Sub-Type Other
Property Description
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. 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 2415013010

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Listed by Elliot Hassan • NorthMarq Realty Services, Inc.
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447