7061 Whitsett Avenue, North Hollywood, CA 91605

North Hollywood
Local realty services provided by:Better Homes and Gardens Real Estate Champions
7061 Whitsett Avenue,Los Angeles, CA 91605
$2,975,000
  • 28 Beds
  • 26 Baths
  • 14,887 sq. ft.
  • Multi-family
  • Pending
Listed by: filip niculete, glen scher
Office: marcus & millichap818-212-2700
MLS#:26987339
Source:CRMLS

Price summary

  • Price:$2,975,000
  • Price per sq. ft.:$199.84

About this home

We are pleased to present 7061 Whitsett Ave, a 13-unit apartment property on the North Hollywood and Valley Glen border. The two-story building was completed in 1976 and holds eleven 2BR/2BA and two 3BR/2BA units, 14,887 gross square feet on a 16,799 square foot R3-1 lot. Every unit has its own gated garage on the rear alley, and there is a pool. The property is registered under the Los Angeles Rent Stabilization Ordinance.The investment case is rent upside on turnover and utility savings, with the major capital work already done. Scheduled rent of $299,119 grows to $422,820 at market, about 41% upside. The seismic retrofit was certified in 2021, the building was re-piped in copper in 2015, and a new roof goes on this month.This is the first time the property has been offered since the current ownership bought it in 2000. The three units turned since late 2024 average $2,562 a month. The offering fits value add operators and 1031 buyers.The property fronts the west side of Whitsett...

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Home facts

  • Year built:1976
  • Listing ID #:26987339
  • Added:49 day(s) ago
  • Updated:October 31, 2026 at 09:11 AM

Rooms and interior

  • Bedrooms:28
  • Total bathrooms:26
  • Kitchen Description:Microwave
  • Living area:14,887 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1976
  • Building area:14,887 sq. ft.
  • Lot area:0.39 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$2,975,000
  • Price per sq. ft.:$199.84

Features and amenities

  • Amenities:Ceiling Fans
  • Pool features:In Ground

Parking

  • Parking description:Carport
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