5240 Whitsett Ave | Valley Village, CA 91607

SALE PRICE: $4,900,000

PRICE/UNIT: $350K          PRICE/SF: $349                  GRM: 14.27                 CAP RATE: 4.37%             

TRANSACTION HIGHLIGHTS

• IRREPLACEABLE Valley Village location sandwiched between Studio City, Sherman Oaks and Toluca Lake

• VALUE ADD investment with +35% upside in Market Rents

• EXCELLENT unit mix consisting of fourteen - 2 bedroom/2 bathroom townhome style units

• NON-RENT CONTROLLED property built in 1984 (subject to AB 1482 -10% annual rent increases allowed)

• UNITS separately metered for gas + electricity

• COMPLETED earthquake seismic retrofit

• BUYER + SELLER Represented by Michael Monempour + David Saghian