8616 Whitworth Drive Los Angeles, CA 90035

$3,950,000  
0.16 Acres On Site: 30 Days
Built: 1964
A well-maintained eight-unit rent-controlled apartment building located in the Pico/Robertson submarket of Los Angeles. Built in 1964, the property has six townhouse units and a total of approximately 12 parking spaces (3 of which are tandem). The property offers a great unit mix of all two-bedroom units and a three-bedroom unit. There is onsite laundry, but one can add value by potentially adding washer/dryers in the units as part of their remodel when a unit becomes vacant. Currently two of the units have been beautifully significantly renovated. Additionally, there is approximately 30% upside in the rents. This is a great long term hold or value add opportunity for a hands-on buyer. Existing Loan w/ Chase can be assumed - UPB: ~$2,075,000 with BELOW-MARKET INTEREST RATE OF 4.29% FIXED thru 02-01-24
Status:Active
Property Type:Residential Income (Multi-Family)
MLS #:18397654
Year Built:1964
On Site:30 Days
Lot Size:0.16 Acres

Detailed Maps

Community Information

Address:8616 Whitworth Drive Los Angeles, CA 90035
Zip Code:90035

Architecture

Year Built:1964
Parking: Other

Features / Amenities

Cooling Type: See Remarks

Property Features

Lot Size: 0.16 Acres / 6887 Sq. Ft.
Zoning:LAR3
Directions:south of Olympic and east of Robertson

Tax and Financial Info

Total Expenses: 91544.00
Gross Operating Income: 234441.00

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Listing Information Last Updated 11/15/2018
Listing provided courtesy of Ardy Ishal, Brc Advisors.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/15/2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Property Summary:
Home for sale at .

Description: The home at 8616 Whitworth Drive Los Angeles, CA 90035 with the MLS Number 18397654 is currently listed at $3,950,000 and has been on the Los Angeles market for 29 days.

GeoCoordinates:
-118.3790348
34.05696

List Price: $3,950,000

You are viewing the MLS property details of the home for sale at 8616 Whitworth Drive Los Angeles, CA 90035, which includes 0 bedrooms, 0 bathrooms and has approximately 0 sq.ft. of living area.