Description

7061 Whitsett Avenue is a 13-unit apartment property on the North Hollywood and Valley Glen border. The 1976 two-story building has eleven two-bedroom, two-bath units and two three-bedroom, two-bath units, totaling 14,887 gross square feet on a 16,799-square-foot R3-1 lot. Each unit has a gated garage accessed from the rear alley, and the property includes a pool.

The building is registered under Los Angeles RSO. Scheduled annual rent is $299,119, compared with the offering's $422,820 market projection, representing roughly 41% potential growth subject to tenant protections and turnover. Three units leased since late 2024 average $2,562 monthly. The seismic retrofit was certified in 2021, copper repiping was completed in 2015, and the marketing materials identify a roof replacement scheduled during the listing month; confirm its completion with the broker. Current ownership acquired the property in 2000.