8560 Whitworth Drive, Los Angeles, CA 90035
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Sold Price :
$2,052,000
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Beds :
12
-
Baths :
10
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Property Size :
7,636 sqft
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Year Built :
1959
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).
Interior Features
| Laundry Information |
| Location(s) |
Common Area |
| Bedroom Information |
| Bedrooms |
12 |
| Bathroom Information |
| Bathrooms |
10 |
| Flooring Information |
| Material |
Carpet, Wood |
| Interior Information |
| Features |
Ceiling Fan(s) |
Listing Information
| Address |
8560 Whitworth Drive |
| City |
Los Angeles |
| State |
CA |
| Zip |
90035 |
| County |
Los Angeles |
| Listing Agent |
Kenny Stevens DRE #01090251 |
| Courtesy Of |
Compass |
| Close Price |
$2,052,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
7,636 |
| Lot Size |
6,248 |
| Year Built |
1959 |
Listing information courtesy of: Kenny Stevens, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 3rd, 2024 at 9:05 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
