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    7045 Whitsett Avenue

    North Hollywood, CA 91605
    • $1,425,000
    • STATUS: Closed
    • ON SITE: 102 days
    • ID#: 20589582
    Sold - 09/16/2020
    $1,425,000
    SOLD - 09/16/2020
    • 0
      BEDS
    • 0.18
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Strong North Hollywood Location - The subject property is located at 7045 Whitsett Ave, about two blocks north of Vanowen St, across from the Whitsett Sports Field in North Hollywood. Excellent Unit Mix - 2 & 3 Bedroom Units - The subject property consist of (2) 1 Bed / 1 Bath, (3) 2 Bed / 1 Bath & (1) 3 Bed / 2 Bath. Rental Upside - The subject property has the opportunity to grow the net operating income with approximately 19% in rental upside. Two Units Have Recent Renovations - Unit 3 & Unit 5 have been recently renovated with new kitchen cabinets, new flooring, new paint, bathroom fixtures, and appliances. Solid In-Place Income - The property provides a 4.20% cap on the in-place income.

    Sold by Elliot Hassan of James Capital Advisors, Inc..

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-22T10:29:32.48. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

    www.theashleycooperteam.com/homes/106773343
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    7045 Whitsett Avenue North Hollywood, CA 91605

    • Price: $1,460,000
    • Status: Closed
    • Updated: 18 min ago
    • ID#: 20589582
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.18
    Acres
    1956
    Built
    Neighborhood:
    NHO - North Hollywood
    County:
    Los Angeles
    Area:
    NHO - North Hollywood
    Property Description
    Strong North Hollywood Location - The subject property is located at 7045 Whitsett Ave, about two blocks north of Vanowen St, across from the Whitsett Sports Field in North Hollywood. Excellent Unit Mix - 2 & 3 Bedroom Units - The subject property consist of (2) 1 Bed / 1 Bath, (3) 2 Bed / 1 Bath & (1) 3 Bed / 2 Bath. Rental Upside - The subject property has the opportunity to grow the net operating income with approximately 19% in rental upside. Two Units Have Recent Renovations - Unit 3 & Unit 5 have been recently renovated with new kitchen cabinets, new flooring, new paint, bathroom fixtures, and appliances. Solid In-Place Income - The property provides a 4.20% cap on the in-place income.
    Exterior Features

    Lot Size Units Square Feet Parking Features Gated Parking YN Yes Pool Features None Pool Private YN No Spa Features None Spa YN No

    Interior Features

    Laundry Features Community

    Property Features

    Country Us Gross Income 108033.00 Gross Multiplier 13.33 Gross Operating Income 108033.00 Laundry YN Yes Net Operating Income 70094.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 37939.00 Vacancy Allowance Rate 0.00 Zoning Lar3

    Listing provided courtesy of Elliot Hassan of James Capital Advisors, Inc. and John Katnik of James Capital Advisors, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-22T10:29:32.48. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or First Team Real Estate. Licensed in the State of California, USA.

     
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