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1950 Whitmore Avenue, Los Angeles, CA 90039$3,350,000

1
bed
2
baths
5674
ft2
· 18535
ft2 lot
$590 / ft2

Listing provided courtesy of Morgan McMullin, Keller Williams Beverly Hills
Source CRMLS;
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The subject property is a fourteen unit bungalow apartment complex built in 1923 and located in Silver Lake/ Echo Park. This site has a viewpoint that perches over the Silver Lake Hills. The property boasts a strong unit mix with twelve studios and four 1 bedroom, 1 bathroom units. The prime location allows occupants to enjoy all of Hollywood's world famous entertainment, dining and culture, within the comfort of a quiet and luxurious home. DO NOT DISTURB THE TENANTS.

HOA

No HOA

On market

7 months

Year built

1923

Property type

Multi-Family

Parking

MLS

22147467

Price / Sq.Ft.

$590 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 1950 Whitmore Avenue

Interior Features & Layout
Interior Size
•   
Building Area Total: 5674.00
Property, Lot, Community & Exterior Features
Building Info
•   
Zoning: LAR1
•   
Stories Total: 1
Community Info
•   
Number Of Buildings: 5
•   
Total Units: 14
Lot Info
•   
Lot Size Acres: 0.4255
•   
Lot Size Area: 18535.0000
•   
Lot Size Units: Square Feet
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Operating Income: 251273.00
•   
Cap Rate: 5.31
•   
Total Expenses: 73553.00
•   
Gross Multiplier: 12.93
•   
Rent Control Yn: 1
Tax/Assessment Info
•   
Gross Income: 259044.00
Lease Info
•   
Net Operating Income: 177720.00
Listing Info
•   
Status: Active
Multi Unit Information
Unit 2 Information
•   
Unit 2 Actual Rent: 1713.00
•   
Unit 2 Bedrooms: 1
•   
Unit 2 Total Units: 4
•   
Unit 2 Furnished Units: Unfurnished
•   
Unit 2 Bathrooms: 1
•   
Unit 2 Total Rent: 3425.00
Multi Unit Information
•   
# Of Units: 2
Unit 1 Information
•   
Unit 1 Total Units: 12
•   
Unit 1 Furnished Units: Unfurnished
•   
Unit 1 Bathrooms: 1
•   
Unit 1 Actual Rent: 1472.00
•   
Unit 1 Total Rent: 17662.00
School Neighborhood & Directions
School Info
•   
Directions: Ideally situated on Whitmore Ave, just off Alessandro St and east of Glendale Blvd, these units offer tenants a central hub to all that Hollywood and Los Angeles has to offer. This site has a viewpoint that perches over the Silver Lake Hills.
Other
Calculation
•   
Dom: 211

Neighborhood snapshot

30
Properties for sale
14
Median days on market
$760.17
Median sold price/sqft
106.87%
Sold/List %
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Property History for 1950 Whitmore Avenue

09/15/2022
09/15/2022
CRMLS #22147467
active
CRMLS #22147467
$3,350,000
--6.94%
09/12/2022
09/12/2022
CRMLS #22147467
active
CRMLS #22147467
$3,600,000
--2.70%
04/18/2022
04/18/2022
CRMLS #22147467
active
CRMLS #22147467
$3,700,000

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