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Listed by: Jeanette Monfared (818) 212-2752 DRE #00765098 | Marcus & Millichap (818) 212-2700
$1,425,000
3 Beds
- 6 Baths
--sqft
6254 Whitsett, North Hollywood, CA 91606
$1,425,000
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Multi Family
Built in 1956
$-- HOA
6,534 sqft lot
--/sqft
Description
Desirable Valley Glen with Owner's Unit featuring Large Private Enclosed Patio. In-Place Cash Flow: $120,665 in gross income with a 5.65% cap rate, providing steady initial yield for a 6-unit San Fernando Valley asset. Property Features: Detached carport parking (6 spaces) and on-site laundry facilities. Rental Upside Strategy: 30%+ rent growth to reach full market potential. ADU Potential: With LAR3 zoning and a 6,751 sq. ft. lot, converting detached carport structures or garages into an Accessory Dwelling Unit (ADU) could add an immediate 7th revenue stream. Appreciation DriversPrime Location: Minutes from the NoHo Arts District and NOHO West retail plaza, driving st...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1956
HOA Fees
-
Finished Area
- sqft
Lot Size
6,534 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26874537
MLS Status
Active
Days on Market
5
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