North Hollywood Multifamily Investment
7601 Whitsett Ave, North Hollywood, CA 91605
MULTI_FAMILY - North Hollywood, CA
Property size:
4,946 SFLot size:
0.16 AcresPrice / SF:
$283/SF- Added:
- Apr 28, 2026
- Days on Market:
- 53
- Last Refresh:
- Jun 19 at 12:06 am
Property Features for 7601 Whitsett Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LAR3
- Bedrooms
- 12
- Bathrooms
- 8
- Rooms
- Bedroom 7, Bathroom 2, Bedroom 2, Bedroom 12, Bedroom 1, Bedroom 11, Bedroom 6, Bathroom 3, Bathroom 6, Bedroom 8, Bathroom 4, Bedroom 3, Bedroom 10, Bathroom 7, Bathroom 8, Bathroom 1, Bedroom 4, Bedroom 5, Bathroom 5, Bedroom 9
- Parking
- 6
- Standard status
- Active Under Contract
- APN
- 2307-018-021
- Size
- 4,946 SF
- Lot size
- 0.16 Acres
Building Details
- Year built
- 1958
- Floors in Building
- 2
- Number of units
- 8
Listing agent Nicole Apostolos License #01464936 (818) 268-6854
Listing office Equity Union 13400 Ventura Blvd., Sherman Oaks, CA (818) 989-2000
Listing date Apr 28, 2026
MLS# 26812179
Listing URL
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Excellent location in North Hollywood with convenient access to major employment centers, transit, and lifestyle amenities.
- Eight‑unit multifamily property with a desirable unit mix of four (2‑bed/1‑bath) and four (1‑bed/1‑bath) units.
- Recent improvements including a new roof installed in 2020 and new windows throughout the property.
- LAR3‑zoned corner lot offering potential for future development or expansion.
- Part of a larger 6‑property portfolio (48 units total) offering a potential bulk investment opportunity.
- Provides six (6) on‑site parking spaces.
Overview
The property at 7601 Whitsett Ave in North Hollywood is an eight-unit multifamily building constructed in 1958. The two-story building provides 4,946 square feet of living space on a 7,006-square-foot corner lot zoned LAR3. The unit mix consists of four two-bedroom, one-bath units and four one-bedroom, one-bath units. There are six on-site parking spaces. Recent improvements include a new roof installed in 2020 and new windows throughout the property. The property benefits from its location in North Hollywood, offering proximity to employment centers, transit options, and lifestyle amenities. Residents have convenient access to the NoHo Arts District, which features theaters, studios, galleries, and dining destinations. Nearby retail and entertainment options include Universal Studios Hollywood, Universal CityWalk, and Burbank Empire Center. The property is also situated near major employment hubs, including Warner Bros. Studios, NBCUniversal, and the media and post-production corridor throughout Burbank and Studio City. Commuter access is facilitated by proximity to the 170, 101, and 5 freeways, along with the North Hollywood Metro Station, which provides connectivity to Downtown Los Angeles and the Westside. The property is located within the city of Los Angeles and is subject to Rent Control. It can be purchased separately or as part of a six-property portfolio totaling 48 units throughout North Hollywood and Hollywood.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $157.3k | $31.80 |
| − Vacancy | −$12.6k | −$2.54 |
| EGI | $144.7k | $29.26 |
| − OpEx | −$65.1k | −$13.17 |
| NOI | $79.6k | $16.09 |
4,946 SF · lease $31.80/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.14M
$994.8K – $1.33M
NOI $79,585 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.09M
NOI $185,365 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Universal Construction
General Contractor
Location Insight
- Map
- Local Demand
- City
- North Hollywood
- County
- Los Angeles
- State
- California
- Longitude
- -118.405603
- Latitude
- 34.208656
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property in North Hollywood with recent improvements.
Where is this apartment building located?
The property is located at 7601 Whitsett Ave North Hollywood, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Excellent location in North Hollywood with convenient access to major employment centers, transit, and lifestyle amenities.; Eight‑unit multifamily property with a desirable unit mix of four (2‑bed/1‑bath) and four (1‑bed/1‑bath) units.; Recent improvements including a new roof installed in 2020 and new windows throughout the property.
