4248 Whitsett ave, Studio City, CA 91604
Active
$2,750,000
8%
7 Units
12 Beds
13 Baths
6,600 Area(sq.ft.)
Lot: 6,074 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 2 | 2 | No | $ 2,600 | $ 2,600 | $ 1 |
| Unit 2 | 1 | 2 | 1 | No | $ 2,570 | $ 2,570 | $ 1 |
| Unit 3 | 1 | 2 | 3 | No | $ 3,163 | $ 3,163 | $ 1 |
| Unit 4 | 1 | 2 | 2 | No | $ 2,496 | $ 2,496 | $ 1 |
| Unit 5 | 1 | 2 | 1 | No | $ 2,711 | $ 2,711 | $ 1 |
| 5 | 10 | 9 | $ 13,540 | $ 13,540 | $ 5 |
| MLS #: | 25529371 |
| Days On Market: | 227 |
| Listing Date: | April 23, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 417 |
| Price per unit: | $ 392,857 |
| Year Built: | 1984 |
Property Details
Prime 7-Unit Investment Opportunity in Studio CityLocated on a serene, tree-lined street just steps from vibrant Ventura Boulevard, this well-maintained 7-unit apartment building offers exceptional upside in one of Studio City's most desirable neighborhoods. Built in 1984 and not subject to rent control, this rare find features a strong unit mix: five spacious 2-bedroom units and two charming 1-bedroom units perfect for attracting long-term tenants or converting to condominiums (buyer to verify).The building generates an approximate gross annual income of $204,000, with room for increased rents and future value-add potential. With 13 gated parking spaces, secure entry, and a premium South of Moorpark location, it's an attractive choice for both investors and owner-users. Consider using one unit as your private office while collecting passive income from the rest.Nestled near multi-million dollar homes, boutique shops, and top-rated dining, this property is a short walk to the iconic Sportsman's Lodge development, the new Harvard-Westlake athletic complex, Erewhon, and countless lifestyle amenities.Don't miss this rare opportunity to own a low-maintenance, high-demand asset in one of LA's strongest rental markets. (property will be delivered with 2 vacant units).Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Vacancy Rate: | 2% |
| Gross Operating Income: | $ 206,616 |
| Total Annual Expense: | $ 69,493 |
| Net Operating Income: | $ 134,000 |
| Gross Annual Income: | $ 206,616 |
| Gross Rent Multiplier: | 14.58 |
| Actual Gross Rent: | $ 205,716 |
Structure
| Type of Units: | 7 |
| Buildings: | 1 |
| Levels: | Two |
| Style: | Low Rise |
| View Description: | Walk Street |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Auto Driveway Gate, Assigned, Subterr Tandem, Garage Is Attached, Gated, Gated Underground, Controlled Entrance |
| Covered Parking: | 13 |
| Total Parking: | 13 |
Interior
| Cooking Appliances: | Gas/Electric Range |
| AC/Cooling: | Air Conditioning, Electric |
| Equipment: | None |
| Heating: | Forced Air |
| Kitchen Features: | Formica Counters |
| Laundry: | Laundry Area |
| Laundry Equipment: | Lease |
| Laundry Income: | 900.00 |
| Patio Features: | Porch |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Flat |
| Spa: | No |
Detailed Map
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