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Multifamily

6254 Whitsett Ave

6254 Whitsett Ave, Valley Glen, CA 91606

Listing Price: $1,475,000

Cap Rate
5.06%
Number of Units
6
GRM
13.21
Occupancy
97.0%
Price/Unit
$245,833
Price/Gross SF
$289.90
Gross SF
5,088

Investment Overview

North Hollywood Apartment Market published by Apartment.com:

"As of April 2024, the average rent in North Hollywood, CA is $1,875 per month. This is 24% higher than the national average rent price of $1,514/month, making North Hollywood one of the most expensive cities in the US. When you rent an apartment in North Hollywood, you can expect to pay about $1,735 per month for a studio, $1,875 for a one-bedroom apartment, and around $2,414 for a two-bedroom apartment."

Investment Highlights

  • Six Large Units Located on Desirable Whitsett Avenue in North Hollywood
  • Apartments Average 848 square feet of Space
  • Current Cap Rate equal to 5.06%
  • Unit Mix of Two 2 Bd/1Ba and Four 1 Bd/1Ba Apartments
  • No Seismic Retrofit Needed

Exclusively Listed By

Financing By

Multifamily

6254 Whitsett Ave

Listing Price: $1,475,000

Cap Rate
5.06%
Number of Units
6
GRM
13.21
Occupancy
97.0%
Price/Unit
$245,833
Price/Gross SF
$289.90
Gross SF
5,088

Investment Highlights

  • Six Large Units Located on Desirable Whitsett Avenue in North Hollywood
  • Apartments Average 848 square feet of Space
  • Current Cap Rate equal to 5.06%
  • Unit Mix of Two 2 Bd/1Ba and Four 1 Bd/1Ba Apartments
  • No Seismic Retrofit Needed

Investment Overview

North Hollywood Apartment Market published by Apartment.com: "As of April 2024, the average rent in North Hollywood, CA is $1,875 per month. This is 24% higher than the national average rent price of $1,514/month, making North Hollywood one of the most expensive cities in the US. When you rent an apartment in North Hollywood, you can expect to pay about $1,735 per month for a studio, $1,875 for a one-bedroom apartment, and around $2,414 for a two-bedroom apartment."

Exclusively Listed By

Financing By

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