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7601 Whitsett Ave 8 Unit Apartment Building $1,909,124 CAD ($238,640 CAD/Unit) 5.73% Cap Rate North Hollywood, CA 91605
Investment Highlights
- Eight (8) unit multifamily property built in 1958
- Four (4) 1+1 units & four (4) 2+1 units
- New roof installed in 2020 and new windows throughout the property
- 9.24 GRM and a 5.73% CAP rate, offered at $283.06 per square foot!
- Six (6) on-site parking spaces
- Can be purchased separately or as part of a 6-property portfolio totaling 48 units throughout North Hollywood and Hollywood!
Executive Summary
7601 Whitsett Avenue is a well-maintained eight-unit, multifamily property. Built in 1958, this two-story building offers 4,946 square feet of rentable living space on a 7,006 square foot LAR3-zoned corner lot. The building features a balanced unit mix of four (4) two-bedroom/one-bathroom units and four (4) one-bedroom/one-bathroom units. The property provides six (6) on-site parking spaces and recent improvements include a new roof installed in 2020 and new windows throughout the property.
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.
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.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,909,124 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $238,640 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 5.73% | Building Size | 4,946 SF |
| Gross Rent Multiplier | 9.24 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1958 |
| Property Type | Multifamily | Parking Ratio | 1.21/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R3, Los Angeles | ||
| Price | $1,909,124 CAD |
| Price Per Unit | $238,640 CAD |
| Sale Type | Investment |
| Cap Rate | 5.73% |
| Gross Rent Multiplier | 9.24 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 4,946 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.21/1,000 SF |
| Zoning | R3, Los Angeles |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 4 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2307-018-021 | Improvements Assessment | $159,814 CAD |
| Land Assessment | $75,358 CAD | Total Assessment | $235,172 CAD |
Property Taxes
Parcel Number
2307-018-021
Land Assessment
$75,358 CAD
Improvements Assessment
$159,814 CAD
Total Assessment
$235,172 CAD
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