Skip To Content

10641 Whipple Street

North Hollywood, CA 91602
  • $2,100,000
  • STATUS: Active
  • ON SITE: 31 Days
  • ID#: PW22080490
UPDATED: 20 min ago
$2,100,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Listing Agent(s): Mike Chacon of City Light Realty (866-615-2542)


Description

We are pleased to present 10641 Whipple Street, a rare fourplex in Toluca Lake that is ready to close now. This property is an excellent opportunity for 1031 exchange buyers. This easy to manage fourplex contains a unit mix of three 1 bedroom/1 bathroom units and one 2 bedroom/1 bathroom unit spanning 3,227 square feet of living space, situated on 7,165 square foot lot. The lot is zoned LAR3, which is highly desirable in Los Angeles. Additionally, the property has a detached garage for four cars. Impeccably remodeled and well maintained, this property boasts excellent rental income for the area and a 3.6% cap rate.Other notable upgrades include stainless steel kitchen appliances, in unit washer and dryer, in unit air conditioning, modernized kitchens, high quality finishes, spacious floorplans, new electrical service, new attic insulation, and new exterior paint. The property is separately metered for gas and electric. It is ultra-low maintenance and extreme desirability amongst renters. There is also the room to expand and add a 2000+ sqft 2-unit ADU on the property. No soft-story retrofitting required.The neighborhood is extremely accessible for tenants. It provides easy access to major freeways (170/101/134 freeways), Metro stations within walking distance, and major roadways like Lankershim, Ventura and Magnolia. Just south are Netflix, Universal, Warner Bros., and other major entertainment and business centers for residents.This is an excellent property in a prime Los Angeles neighborhood with a great return.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127946194
Print Image

10641 Whipple Street North Hollywood, CA 91602

  • Price: $2,100,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 20 min ago
  • ID#: PW22080490
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1941
Built
Neighborhood:
NHO - North Hollywood
County:
Los Angeles
Area:
NHO - North Hollywood
Property Description
We are pleased to present 10641 Whipple Street, a rare fourplex in Toluca Lake that is ready to close now. This property is an excellent opportunity for 1031 exchange buyers. This easy to manage fourplex contains a unit mix of three 1 bedroom/1 bathroom units and one 2 bedroom/1 bathroom unit spanning 3,227 square feet of living space, situated on 7,165 square foot lot. The lot is zoned LAR3, which is highly desirable in Los Angeles. Additionally, the property has a detached garage for four cars. Impeccably remodeled and well maintained, this property boasts excellent rental income for the area and a 3.6% cap rate.Other notable upgrades include stainless steel kitchen appliances, in unit washer and dryer, in unit air conditioning, modernized kitchens, high quality finishes, spacious floorplans, new electrical service, new attic insulation, and new exterior paint. The property is separately metered for gas and electric. It is ultra-low maintenance and extreme desirability amongst renters. There is also the room to expand and add a 2000+ sqft 2-unit ADU on the property. No soft-story retrofitting required.The neighborhood is extremely accessible for tenants. It provides easy access to major freeways (170/101/134 freeways), Metro stations within walking distance, and major roadways like Lankershim, Ventura and Magnolia. Just south are Netflix, Universal, Warner Bros., and other major entertainment and business centers for residents.This is an excellent property in a prime Los Angeles neighborhood with a great return.
Exterior Features

Architectural Style Traditional Exterior Features Barbecue Foundation Details Slab Number Of Separate Electric Meters 4 Open Parking Spaces 1 Parking Features Garage Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Road Surface Type Paved Roof Composition Spa Features None Spa YN No View Neighborhood View YN Yes

Interior Features

Common Walls 2+ Common Walls Cooling Electric Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileWood Heating Floor FurnaceNatural Gas Heating YN Yes Window Features Double Pane Windows

Property Features

Additional Parcels YN No Association Amenities Outdoor Cooking AreaBarbecue Association Fee 0 Association YN No Common Interest None Community Features CurbsStorm Drain(S)Street LightsSuburbanSidewalks Current Financing Conventional Garage YN Yes Gross Income 91323.3 Gross Scheduled Income 94147 Insurance Expense 2007.1 Land Lease YN No Laundry Features Laundry Closet Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeVa Loan Net Operating Income 75524.8 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Operating Expense 15798.5 Other Expense 3592.4 Possession Close Of Escrow Property Condition Updated/Remodeled Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 7845.61 Trash Expense 0 Utilities Electricity ConnectedPhone ConnectedSewer ConnectedWater Connected Vacancy Allowance 2824 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T10:28:05.7. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368570276-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368570276-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368570276-1.jpg
Logo
Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Mike Chacon of City Light Realty (866-615-2542)