Thank you
Neema Ahadian
Marcus & Millichap
310-909-5500
8520 Whitworth Dr is a highly coveted Pico Robertson submarket, located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth.The 2017 high quality construction is not subject to the Los Angeles Rent Stabilization Ordinance; the property totals 9,993 SF with seven spacious units that are all two-bedrooms (1,100-1,200 SF); there is one level of subterranean parking and one level of ground floor parking with 14 spaces total.Units have a condo feel each with a large patio and balconies, in-unit washers and dryers, fireplaces, recessed lighting, custom cabinets, and high-quality kitchens and bathrooms, and central air; the two units on the top floor feature vaulted ceilings.The building is currently fully occupied with strong in-place income; however, there is 18% rental upside achievable over time as units turn.There is a significant affordability gap between renting and home ownership in the neighborhood; within two miles of the subject property, the median home value is over $1 MM; the average household income within two miles of the property is $124,520.The Pico-Robertson neighborhood is an established Los Angeles community known for providing an array of amenities within a half-mile radius, the property has a walk score of 86 and is close proximity to S La Cienega, W Pico, and W Olympic Blvd with high-end retail options for residents.
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Total Bedrooms : 14
Total Baths: 14
Full Baths: 0
Half Baths: 0
None
Air Conditioning
None
Has Heating
Year Built: 2017
Building Area Total: 9,993
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.14
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6097
Original List Price: 4,995,000
Listing Contract Date: 2024-03-04
Listing Agreement: Exclusive Right To Sell
Parcel Number: 4332029021
Garage Description: Underground
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C19 - Beverly Center-Miracle Mile
Directions: Located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd
Zoning: LAR3
Source Property Type: Residential Income
Area: C19 - Beverly Center-Miracle Mile
Property Age: 7
Year Built Source: Vendor Enhanced
Total Square Feet Living: 9993
Levels or Stories: Multi/Split
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
1142 S Bedford Street, Los Angeles, CA,90035 | $2,260,000 | 8 | -- | 4,865 | 6337 Sqft |
1044 1044 S Robertson B.., Los Angeles, CA,90035 | $24,500,000 | -- | -- | -- | 18182 Sqft |
853 S Bedford Street, Los Angeles, CA,90035 | $2,600,000 | 8 | -- | 5,325 | 6601 Sqft |
835 S Sherbourne Drive, Los Angeles, CA,90035 | $5,500,000 | 19 | -- | 11,558 | 12000 Sqft |
1304 Roxbury Drive #102, Los Angeles, CA,90035 | $1,520,000 | 3 | 3 | 1,788 | 10049 Sqft |
1140 S Shenandoah Street, Los Angeles, CA,90035 | $1,950,000 | 4 | -- | 3,022 | 6386 Sqft |
1453 S Beverly Drive, Los Angeles, CA,90035 | $4,300,000 | 6 | -- | 5,053 | 6506 Sqft |
1170 S Robertson Boulev.., Los Angeles, CA,90035 | $3,000,000 | -- | -- | 1,695 | 3594 Sqft |
1724 S Crescent Heights.., Los Angeles, CA,90035 | $1,599,000 | 5 | -- | 2,910 | 5417 Sqft |
1132 S Crescent Heights.., Los Angeles, CA,90035 | $1,845,000 | 4 | -- | 3,313 | 5496 Sqft |
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ByOwner last updated this listing 05/24/2024 @ 03:54
MLS: 24372041
LISTED BY: Neema Ahadian, Marcus & Millichap
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.