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7061 Whitsett Avenue, North Hollywood, CA 91605

North Hollywood
Local realty services provided by:CENTURY 21 Classic Estates
7061 Whitsett Avenue,Los Angeles, CA 91605
$2,975,000
  • 28 Beds
  • 26 Baths
  • 14,887 sq. ft.
  • Multi-family
  • Active
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:1 day(s) ago
  • Updated:September 12, 2026 at 11:16 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
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Classic Estates is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Classic Estates, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Sol Almarines

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