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5919 Whitnall Hwy
North Hollywood, CA 91601

$999,000 USD

Apartments For Sale  •  3,520 SF

Property Details

• Property Type Apartments
• Total Building Size 3,520 SF
• Lot Size 0.11 AC
• Building Class B
• Year Built 1953
• Cap Rate 4.89 %
• Zoning LAR3

50 Transit Score

83 Walk Score

Highlights

THE OPPORTUNITY: 5919 Whitnall Highway is a 6 Unit- Value-add opportunity located in North Hollywood.

UPSIDE IN RENTAL INCOME: By implementing an extensive interior and exterior plan a buyer can capture a 38% Loss-to-lease on in-place rents.

SURROUNDED BY RENT DRIVERS: 5919 Whitnall Highway is located minutes away from NOHO Arts District and is surrounded by renowned nightlife and dining.

POTENTIAL FOR ADU ADDITION: Garage spaces ideal for ADU conversion. Buyer to verify

Property Flyers

5919 Whitnall Highway_OM

Financial Summary (Actual)

Net Operating Income: $48,899 USD (2024)

Cap Rate:

4.89 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Burbank-Bob Hope Airport (Ventura County Line - Southern California Regional Rail Authority (Metrolink))	5 min	-	2.4 mi
Burbank Airport - North (Av Line) Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains)	6 min	-	3.1 mi
Airport	Drive	Walk	Distance
Bob Hope	5 min	-	2.5 mi
Los Angeles International	36 min	-	24.9 mi
Long Beach (Daugherty Field)	49 min	-	35.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	TwoCarGarage
Included in Rent:	Yes