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Property Description

8520 Whitworth Dr is a highly coveted Pico Robertson submarket, located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth.The 2017 high quality construction is not subject to the Los Angeles Rent Stabilization Ordinance; the property totals 9,993 SF with seven spacious units that are all two-bedrooms (1,100-1,200 SF); there is one level of subterranean parking and one level of ground floor parking with 14 spaces total.Units have a condo feel each with a large patio and balconies, in-unit washers and dryers, fireplaces, recessed lighting, custom cabinets, and high-quality kitchens and bathrooms, and central air; the two units on the top floor feature vaulted ceilings.The building is currently fully occupied with strong in-place income; however, there is 18% rental upside achievable over time as units turn.There is a significant affordability gap between renting and home ownership in the neighborhood; within two miles of the subject property, the median home value is over $1 MM; the average household income within two miles of the property is $124,520.The Pico-Robertson neighborhood is an established Los Angeles community known for providing an array of amenities within a half-mile radius, the property has a walk score of 86 and is close proximity to S La Cienega, W Pico, and W Olympic Blvd with high-end retail options for residents.

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Additional Information
Marcus & Millichap
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CLW-C104547
CLW-X7515101
Neema
4332029021
: Standard
Multi/Split
32

Multi-Family For Sale

1100 Corning Street, Los Angeles, California 90035

9,993 Sqft
$4,995,000
Listing ID #24372041
Basic Details
Status : Active
DaysOnMarket : 63
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : 24372041
Price : $4,995,000
Living Area : 9,993 Sqft
Lot Size : 6,097 Sqft
Year Built : 2017
Country : US
State : California
County : Los Angeles
City : Los Angeles
Zipcode : 90035
Price Per Square Foot : $500
ModificationTimestamp : 2024-05-06 11:56:50
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