5887 Whitnall Hwy, North Hollywood

Written By Zorik Dadoyan

9-Unit Multifamily Investment Opportunity

A nine-unit multifamily property in North Hollywood offering an established income stream with meaningful rent-growth potential. The property is offered at $1,489,000 and includes 4,837 square feet of building area on a 5,281-square-foot lot.

$1,489,000 | 9 Units | 4.04% In-Place Cap Rate

Property Highlights

  • 9 multifamily units

  • 5 studios, 3 one-bedroom units, and 1 two-bedroom unit

  • 4,837 SF building

  • 5,281 SF lot

  • Built in 1962

  • R3-1 zoning

  • $165,444 per unit

  • $60,108 in-place NOI

  • 4.04% in-place cap rate

  • Pro forma NOI of $129,082 and an 8.67% projected cap rate

The rent roll shows a mix of five studios, three 1+1 units, and one 2+1 unit, with current gross monthly rent of $8,562 and projected gross monthly rent of $14,950.

Interested in This Property?

Looking for a multifamily investment in North Hollywood? Contact Zorik Dadoyan to discuss the opportunity and request additional details.

747-224-1423

Zorik Dadoyan
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