$2,052,000
$1,900,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
8560 Whitworth DR Los Angeles, CA 90035
12 Beds
10 Baths
7,636 SqFt
Key Details
Sold Price $2,052,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,636 sqft
Price per Sqft $268
MLS Listing ID 24418287
Sold Date 10/03/24
Bedrooms 12
HOA Y/N No
Year Built 1959
Lot Size 6,246 Sqft
Acres 0.1434
Property Description
Located 1 block south of Olympic Blvd. & La Cienega Blvd (blo, 8560 Whitworth is a 6-unit value-add complex offered at $249 per foot, 5.6% CAP & 11.57 GRM on current rents. 8560 Whitworth is adjacent to Beverly Hills and Carthay Square, 2 exclusive neighborhoods under constant demand by high-income young professionals and families. The property is 0.7 miles from Wilshire Blvd, providing convenient access to the METRO Purple Line La Cienega Station (expected completion in 2025), and a wealth of financial, entertainment, healthcare, and law employers along Wilshire Blvd and the greater Beverly Hills area. In addition, 8560 Whitworth is near the Beverly Hills Tennis Club and La Cienega Park & Recreation Center. Built in 1959, this corner-lot property features (2) 3-bdrm. units & (2) 2-bdrm.units, and (2) 1-bdrm. units. Please note, there is a VACANT 2-bdrm. unit and VACANT 1-bdrm. unit. 8560 Whitworth is offered at $316,667 per unit, $249 per foot, 5.60% CAP and 11.57 GRM on current rents. This value-add opportunity with approx. 23% rental upside. At projected market rents, property will stabilize at a 8.34% CAP and 9.01 GRM. Property amenities include 6 tandem parking spaces (covered and surface), community laundry, and seismic retrofitting is not required (buyer to verify).
Location
State CA
County Los Angeles
Area C19 - Beverly Center-Miracle Mile
Zoning LAR3
Rooms
Ensuite Laundry Common Area
Interior
Interior Features Ceiling Fan(s)
Laundry Location Common Area
Heating Wall Furnace
Flooring Carpet, Wood
Fireplace No
Laundry Common Area
Exterior
Garage Covered, Garage, Tandem
View Y/N No
View None
Parking Type Covered, Garage, Tandem
Total Parking Spaces 6
Building
Faces North
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4332026022
Special Listing Condition Standard
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Bought with Kenny Stevens • Compass