7559 Whitsett Ave 8 Unit Apartment Building $2,181,856 CAD ($272,732 CAD/Unit) 5.77% Cap Rate North Hollywood, CA 91605

7559 Whitsett Avenue is a charming eight-unit multifamily property located in the heart of North Hollywood! Built in 1958, the two-story building offers 4,936 square feet of rentable living space situated on a 6,698 square-foot LAR3-zoned lot. The property features a desirable unit mix of four (4) two-bedroom/one-bathroom units and four (4) one-bedroom/one-bathroom units. 7559 Whitsett Avenue includes six (6) tandem parking spaces for a total of twelve (12) and recent improvements include new windows, a new roof installed in 2022, and select units that have been updated with remodeled kitchens and bathrooms.

Located in a North Hollywood, the property benefits from excellent proximity to major employment centers, transit, and lifestyle amenities. Residents enjoy convenient access to the NoHo Arts District, home to theaters, studios, galleries, and popular dining destinations such as Republic of Pie and Granville. Nearby retail and entertainment options include Universal Studios Hollywood, Universal CityWalk, and Burbank Empire Center. The property is also situated near major employment hubs including Warner Bros. Studios, NBCUniversal, as well as the broader media and post-production corridor throughout Burbank and Studio City. Commuter access is exceptional, with convenient access to the 170, 101, and 5 freeways along with the North Hollywood Metro Station, providing direct connectivity to Downtown Los Angeles and the Westside.

Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood!
The property is located within the city of Los Angeles and is subject to Rent Control.