Active

7061 Whitsett Avenue

Los Angeles, CA 91605

$2,975,000 $12,542/Mo

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Overview

Bed

Bath

14,887

Sqft

16,799

Sqft(Lot)

Description

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 cur rent 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 Ave just south of Sherman Way, in a neighborhood of 1960s and 1970s walk-up apartment buildings. Whitsett Fields Park and Valley Plaza Recreation Center are both within 500 feet. An El Super supermarket is 0.4 miles east on Sherman Way, and Walk Score rates the block 70.The Hollywood Freeway (170) is about 800 feet east at the Sherman Way interchange. NoHo West, with 742 apartments and about 800,000 square feet of office, retail and cinema, is 1.4 miles south. Los Angeles Valley College is 1.8 miles southwest, the Metro B Line North Hollywood station 2.7 miles southeast, and Valley Presbyterian Hospital 3.4 miles west.Warner Bros., Walt Disney Studios and Universal Studios Hollywood are all within 5.5 miles. ZIP 91605 is 63% renter-occupied with a median household income of $65,481. New supply is limited: 89 of the ZIP's 17,284 housing units were built in 2020 or later, and 62% were built before 1970.

Property Details

Property Type : ResidentialIncome

Price : $2,975,000

AD Id : 91180312

MLS Id : 26987339

Beds : 28

Lot Size : 16,799 Sqft

Living Area Size : 14,887

Year Built : 1976

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 28

Bathroom Information

Total Baths: 26
Interior Features

CeilingFans

Appliances: Microwave
Heating & Cooling

Has Heating: Yes Heating: WallFurnace

Building Information

Year Built: 1976

Building Area Total: 14887

Stories: 2

Pool Features: InGround

Private Pool: No

Lot Information

Main Square Feet: 16799 Lot Size Acres: 0.3857 Lot Size Source: Other Lot Size Square Feet: 16,799

Listing Price Information

Listing Price: $2975000

Tax Information

Parcel Number: 2324032023

Virtual Tour

Virtual Tour (External Link)

Parking Information

Carport

Location Information

Direction: South of Sherman Way, on Whitsett

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
11853 Cantara Street, Los Angeles, CA, 91605	$1,295,000	5	4	1,600	8,124 Sqft
12157 Lull, Los Angeles, CA, 91605	$664,100	3	2	1,268	8,514 Sqft
12209 Crewe Street, Los Angeles, CA, 91605	$699,000	4	2	1,514	6,004 Sqft
7042 Jon Allan Drive, Los Angeles, CA, 91605	$965,000	3	2	1,128	6,117 Sqft
12520 Stagg Street, Los Angeles, CA, 91605	$1,249,000	5	3	2,155	6,051 Sqft
13155 Gault, Los Angeles, CA, 91605	$945,900	4	2	1,521	6,583 Sqft

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ByOwner last updated this listing 09/12/2026 @ 19:28

MLS: 26987339 LISTED BY: Filip Niculete, Marcus & Millichap 818-212-2700 SOURCE: CRMLS