NOT LISTED FOR SALE

7045 Whitsett Ave North Hollywood, CA 91605

Valley Glen Neighborhood
10 Beds
7 Baths
4,958 Sq Ft
7,913 Sq Ft Lot

Last Sold September 16, 2020

Last sale price $1,425,000 $287 Per Sq Ft

53 Days on Market

Highlights

  • Gated Parking
  • Laundry Facilities
  • 2-minute walk to Valley Plaza Sports Complex
  • Ulysses S. Grant Senior High School Rated A-

About This Home

As of September 2020

Strong North Hollywood Location - The subject property is located at 7045 Whitsett Ave, about two blocks north of Vanowen St, across from the Whitsett Sports Field in North Hollywood. Excellent Unit Mix - 2 & 3 Bedroom Units - The subject property consist of (2) 1 Bed / 1 Bath, (3) 2 Bed / 1 Bath & (1) 3 Bed / 2 Bath. Rental Upside - The subject property has the opportunity to grow the net operating income with approximately 19% in rental upside. Two Units Have Recent Renovations - Unit 3 & Unit 5 have been recently renovated with new kitchen cabinets, new flooring, new paint, bathroom fixtures, and appliances. Solid In-Place Income - The property provides a 4.20% cap on the in-place income.

Last Agent to Sell the Property

Elliot Hassan

NorthMarq Realty Services, Inc. License #01481211 Listed on: 06/11/2020

Co-Listed By

John Katnik

BRC Advisors- BH License #02002695

Last Buyer's Agent

Elliot Hassan

NorthMarq Realty Services, Inc. License #01481211 Listed on: 06/11/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1956

Lot Details

  • 7,913

Interior Spaces

  • 4,958 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Parking

  • 3 Parking Spaces
  • Gated Parking

Additional Features

  • 7,913 Sq Ft Lot
  • Cooling System Mounted In Outer Wall Opening

Community Details

  • 6 Units
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 2324-032-009

Property Details

Home Type

Multi-Family

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 4958
  • Lot Acreage: 0.1817
  • Price Per Unit: 246667.00
  • Stories: 2
  • Year Built: 1956
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Laundry: Community
  • Total Bathrooms: 7.00
  • Equipment: Range/Oven
  • Price Per S Q F T: 294.47

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 3

Utilities

  • Cooling: Wall Unit(s)

Lot Info

  • Assessed Improvement Percent: 41.18
  • Assessed Improvement Value: 428400
  • Assessed Land Percent: 58.82
  • Assessed Land Value: 612000
  • Total Assessed Value: 1040400
  • Assessor Parcel Number: 2324-032-009
  • Lot Size Area: 7913

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.33
  • Number Of Units: 6
  • Total Annual Expense: 37939
  • Type Of Units: 1+1,2+1,3+2
  • Vacancy Rate: 0

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2020 09/16/20 Sold $1,425,000 -2.4% $287 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
07/30/2020 07/30/20 Price Changed $1,460,000 -1.4% $294 / Sq Ft
06/11/2020 06/11/20 For Sale $1,480,000 +58.3% $299 / Sq Ft
11/01/2017 11/01/17 Sold $935,000 -6.5% $189 / Sq Ft
08/17/2017 08/17/17 Pending -- -- --
08/10/2017 08/10/17 For Sale $999,900 -- $202 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Elliot Hassan

    Seller's Agent in 2020

    Elliot Hassan

    NorthMarq Realty Services, Inc.

    (213) 943-1800

    3 in this area

    37 Total Sales

    Elliot Hassan
    Section Image
  • John Katnik

    Seller Co-Listing Agent in 2020

    John Katnik

    BRC Advisors- BH

    (310) 956-2291

    1 in this area

    71 Total Sales

    John Katnik
    Section Image
  • Brian Tiongson Reyes

    Seller's Agent in 2017

    Brian Tiongson Reyes

    Pinnacle Estate Properties, Inc.

    (818) 645-8363

    83 Total Sales

    Brian Tiongson Reyes
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 20-589582

The MLS
California Los Angeles County North Hollywood 91605 Valley Glen

7045 Whitsett Ave, North Hollywood, CA

This home is located at 7045 Whitsett Ave, North Hollywood, CA 91605 since 11 June 2020. This property was built in 1956. 7045 Whitsett Ave is a home located in Los Angeles County with nearby schools including Coldwater Canyon Elementary, James Madison Middle, and Ulysses S. Grant Senior High School.

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