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5631 Whitnall Hwy
North Hollywood, CA 91601

$2,600,000 USD

Apartments For Sale • 7,158 SF

Property Details

Property Type Apartments
Total Building Size 7,158 SF
Lot Size 0.11 AC
Building Class B
Year Built 2021
Zoning Q C2-1 XL

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                NEW 2021 CONSTRUCTION – Currently exempt from both the Los Angeles Rent Stabilization Ordinance and CA Statewide Rent Control (AB 1482).
                            
                                ALL LARGE THREE-BEDROOM HOMES– Two 3Bed+3.5Bath and two 3Bed+3Bath units, 6,015 SF total and 1,504 SF average, drawing family tenants rather than room
                            
                                OWNER OCCUPIER READY -  The vacant unit provides the perfect scenario for a new owner to occupy while receiving steady income from the remaining units
                            
                                RENTAL UPSIDE – In-place rents of $14,800 per month sit $900 below market.
                            
                                LOW OPERATING BURDEN – Estimated expenses of $41,220, or $10,305 per unit, produce a 23.2% expense ratio on in-place income.
                            
                                PRIME NORTH HOLLYWOOD LOCATION – Near NoHo Arts District and the Metro B and G Line station, with direct access to the Burbank studio employment base.

Property Flyers

5631 Whitnall Hwy Highlight Group OM Final

Amenities

Controlled Access
Washer/Dryer
Stainless Steel Appliances
Double Pane Windows
Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.3 mi
	5 min	-	2.3 mi
Airport	Drive	Walk	Distance
Bob Hope	8 min	-	3.2 mi
Los Angeles International	37 min	-	25.7 mi
Long Beach (Daugherty Field)	49 min	-	35.7 mi

Troy Lucero 310-339-5477 Equity Union Commercial

5631 Whitnall Hwy North Hollywood, CA 91601