The Highlight Group of Equity Union Commercial, as the exclusive listing agent, is pleased to present the opportunity to acquire 5631 Whitnall Hwy., a condo quality four-unit multifamily investment property located in the North Hollywood neighborhood of Los Angeles. Built in 2021, the 6,015 square foot property sits on a… Read More 5,000 square-foot lot and is arranged as two buildings addressed 5631, 5631, 5633 and 5633.All four homes are three-bedroom plans averaging 1,504 square feet. Because the improvements were completed in 2021, the property is currently exempt from the Los Angeles Rent Stabilization Ordinance and from the statewide cap on new construction, and one of the four units is vacant and available to lease at market today. UNIT DETAILS: Units 5631 and 5631 are 3Bed+3.5Bath plans. Units 5633 and 5633 are 3Bed+3Bath plans. Across 6,015 square feet of building area the four homes average 1,504 square feet, materially larger than the surrounding rental stock and closer in scale to a small single-family home. Kitchens are finished with stainless steel appliance packages, including gas range/oven, refrigerator, microwave, and dishwasher, complemented by premium hardwood cabinetry and white tile backsplashes. Bedrooms are generously sized and include walk-in closets with built-in shelving for added storage. Bathrooms feature glass sliding shower doors, oversized vanities, and white tile finishes that create a spa-like feel. Each unit is further enhanced by a private two-car garage, central A/C and heating, in-unit laundry, recessed lighting, neutral-toned hardwood flooring, and a private balcony with neighborhood views. This combination of unit quality and functionality positions the property to command premium rents and attract long-term, quality tenants. Read Less
Property listed by Equity Union, Troy Lucero Jr. 310-259-7556
Listing Snapshot
Days Online
10
Last Updated
Beds
12
3/4 Baths
14
Square Ft.
6,015
Lot Size
0.11 Acres
Year Built
2021
MLS Number
26987465
Additional Details
Appliances & Equipment
Refrigerator, Dryer, Washer
Building
Built in 2021, Living area: 6015.0, 2 buildings, 3 stories, Levels: MultiSplit
Heating
Central
Income
Gross Income: $177,600, Net Operating Income: $136,380
Lot
0.1148 acres
Parking
8 total parking spaces, DoorMulti, Garage
Taxes
Parcel Number: 2415027014, Zoning: LAC2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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