6820 Whitley Terrace

6820 Whitley Terrace, Los Angeles, CA 90068, USA

For Sale

$2,250,000

Property Description

Marcus and Millichap is pleased to present a five (5) unit apartment building located at 6820 Whitley Terrace in Los Angeles, California. The subject property is in a prime Hollywood Hills location in Whitley Heights, just west of Cahuenga Boulevard and north of Franklin Avenue.

Hollywood lies about eight (8) miles northwest of Downtown Los Angeles in the foothills of the Santa Monica Mountains, the home of the famous Hollywood sign. Hollywood is filled with attractions that celebrate the entertainment industry and its larger-than-life persona. Scenesters can choose from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in nearby Thai Town. For a taste of Old Hollywood, wander the narrow, winding streets of Whitley Heights, a residential neighborhood and historic preservation zone bordered by Franklin Ave to the south, Highland Ave to the west, and split in two (2) by the US-101 freeway to the north and east. Located just north of Hollywood, this quiet, family-friendly neighborhood has easy access to some of the most well-known attractions in Los Angeles. Peppered with beautiful Moorish, Renaissance and Italianate-style villas, this was the city’s first ‘Beverly Hills,’ a salubrious estate designed by architect AS Barnes in the early 1900s and inspired by Mediterranean villages. Hollywood’s first National Historic District was home to stars such as Rudolph Valentino, Charlie Chaplin, Bette Davis, Bozo and more. Nestled in lush Hollywood Hills and basking in glow from the Hollywood sign, this distinctive neighborhood remains much as it did in the early 1900’s

Built in 2006, this offering is not subject to LA rent control and contains a good unit mix of one (1) one-bedroom/one-bathroom low-income unit, one (1) one-bedroom/one-bathroom unit, and three (3) two-bedroom/two-bathroom units. All these character units are spacious and bright with plenty of closet/storage space and tons of windows letting in natural light. These large townhome units feature hardwood floors throughout, fresh paint, and spacious bedrooms with private bathrooms. Each unit comes fully equipped with central HVAC, washer and dryers in unit, stove/ovens, refrigerators, and dishwashers. Four (4) units come with large (20x24 ft) private storage space that can be used for music practice. These storage units/musical practice space have the potential to be converted into four (4) separate accessory dwelling units (ADUs). The well-maintained property features onsite laundry facilities and a small yard, perfect for barbequing and picnicking. The fenced-in building is located on a hillside, with view of Hollywood and on-site parking available. This property is exempt from LA city rent control but is still subject to statewide rent control.

Situated in prime Whitley Heights, this offering presents a unique opportunity for an astute investor to acquire a non-rent controlled building built in 2006 in a prime submarket that rarely trades.

Contact Agent

Jason Tuvia

(818) 212-2735

Unit Mix

One (1) 1 Bedroom / 1 Bathroom Low Income Unit, One (1) 1 Bedroom / 1 Bathroom Unit, Three (3) 2 Bedroom / 2 Bathroom Units

Property Type

Multifamily

Submarket

Price

Size

4,818 SF

Total Units

Year Built

2006

Property Location

6820 Whitley Terrace, Los Angeles, CA 90068, USA

Property Description

Marcus and Millichap is pleased to present a five (5) unit apartment building located at 6820 Whitley Terrace in Los Angeles, California. The subject property is in a prime Hollywood Hills location in Whitley Heights, just west of Cahuenga Boulevard and north of Franklin Avenue.

Hollywood lies about eight (8) miles northwest of Downtown Los Angeles in the foothills of the Santa Monica Mountains, the home of the famous Hollywood sign. Hollywood is filled with attractions that celebrate the entertainment industry and its larger-than-life persona. Scenesters can choose from improv comedy clubs, retro-cool bars and velvet-roped nightclubs. Locals frequent eateries in nearby Thai Town. For a taste of Old Hollywood, wander the narrow, winding streets of Whitley Heights, a residential neighborhood and historic preservation zone bordered by Franklin Ave to the south, Highland Ave to the west, and split in two (2) by the US-101 freeway to the north and east. Located just north of Hollywood, this quiet, family-friendly neighborhood has easy access to some of the most well-known attractions in Los Angeles. Peppered with beautiful Moorish, Renaissance and Italianate-style villas, this was the city’s first ‘Beverly Hills,’ a salubrious estate designed by architect AS Barnes in the early 1900s and inspired by Mediterranean villages. Hollywood’s first National Historic District was home to stars such as Rudolph Valentino, Charlie Chaplin, Bette Davis, Bozo and more. Nestled in lush Hollywood Hills and basking in glow from the Hollywood sign, this distinctive neighborhood remains much as it did in the early 1900’s

Built in 2006, this offering is not subject to LA rent control and contains a good unit mix of one (1) one-bedroom/one-bathroom low-income unit, one (1) one-bedroom/one-bathroom unit, and three (3) two-bedroom/two-bathroom units. All these character units are spacious and bright with plenty of closet/storage space and tons of windows letting in natural light. These large townhome units feature hardwood floors throughout, fresh paint, and spacious bedrooms with private bathrooms. Each unit comes fully equipped with central HVAC, washer and dryers in unit, stove/ovens, refrigerators, and dishwashers. Four (4) units come with large (20x24 ft) private storage space that can be used for music practice. These storage units/musical practice space have the potential to be converted into four (4) separate accessory dwelling units (ADUs). The well-maintained property features onsite laundry facilities and a small yard, perfect for barbequing and picnicking. The fenced-in building is located on a hillside, with view of Hollywood and on-site parking available. This property is exempt from LA city rent control but is still subject to statewide rent control.

Situated in prime Whitley Heights, this offering presents a unique opportunity for an astute investor to acquire a non-rent controlled building built in 2006 in a prime submarket that rarely trades.

Contact Agent

Jason Tuvia

(818) 212-2735

(818) 448-4415

CalBRE #01772495

Unit Mix

One (1) 1 Bedroom / 1 Bathroom Low Income Unit, One (1) 1 Bedroom / 1 Bathroom Unit, Three (3) 2 Bedroom / 2 Bathroom Units

Property Details

Property Type

Multifamily

Submarket

Hollywood Hills / Whiley Heights

Price

$2,250,000

Price per Unit

$450,000

Price per SF

$467.00

Status

For Sale

Size

4,818 SF

Total Units

5

Year Built

2006

Property Location

6820 Whitley Terrace, Los Angeles, CA 90068, USA