$4,995,000 Price Analysis   ♡   Los Angeles, CA 90035 Unknown bed None bath 9,993 SqFt ($499/SqFt) 6,097SqFt lot. Built 2017 Listed 2024-03-25, Taxes $41,801 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
8520 Whitworth Dr is a highly coveted Pico Robertson submarket
Located 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 big units that are all two-bedrooms (1, 100-1, 200 SF); thre 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.
8520 Whitworth Dr is a highly coveted Pico Robertson submarket, located 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 big units that are all two-bedrooms (1, 100-1, 200 SF); thre 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.
Presented by Neema Ahadian at
Marcus & Millichap.
Property MLS #24-372041 from TheMLSCLAW
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6097
Calculated Total Monthly Association Fees: 0
Number of Units: 1
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2.5, 1 SquareFeet: 4000, 2 BedsTotal: 2, 2 BathsTotal: 2, 2 SquareFeet: 4333
County: Los Angeles
Directions: Located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd
Source Property Type: Residential Income
Area: Beverly Center-Miracle Mile
Source Neighborhood: Beverly Center-Miracle Mile
Parcel Number: 4332-029-021
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $1,992,560 + $1,472,132 $3,464,692 | $41,801 |
| 2021 | $1,953,491 + $1,443,267 $3,396,758 | $41,252 |
| 2020 | $1,933,461 + $1,428,469 $3,361,930 | $41,667 |
| 2019 | $1,280,171 + $1,400,460 $2,680,631 | $31,674 |
| 2018 | $691,070 + $1,373,145 $2,064,215 | $24,779 |
| 2017 | $unknown + $1,346,221 $1,346,221 | $16,410 |
| 2016 | $unknown + $1,319,825 $1,319,825 | $16,030 |
| 2015 | $300,000 + $1,000,000 $1,300,000 | $17,095 |
| 2014 | $286,896 + $819,704 $1,106,600 | $13,803 |
| 2013 | $285,600 + $816,000 $1,101,600 | $13,798 |
| 2012 | $121,000 + $729,000 $850,000 | $11,073 |
| 2010 | $121,000 + $729,000 $850,000 | $11,135 |
| 2009 | $208,080 + $1,144,440 $1,352,520 | $16,832 |
| 2009 | $121,000 + $729,000 $850,000 | $16,832 |
| 2008 | $204,000 + $1,122,000 $1,326,000 | $16,102 |
| 2007 | $214,444 + $1,007,776 $1,222,220 | $14,661 |
$4,995,000
TheMLSCLAW
Listed 2024-03-25
$5,500,000
TheMLSCLAW
Sold 2014-07-25
$1,300,000
TheMLSCLAW
Listed 2014-06-23
$990,000
TheMLSCLAW
Listing removed 2011-07-03
$1,109,000
ITECH
Listed 2010-07-01
$1,109,000
ITECH
Sold 2007-01-05
$1,205,000
Public Record
Sold 2005-06-07
$1,100,000
Public Record
Sold 1979-06-04
$176,000
Public Record
Year Built: 2017
Levels: Multi Levels
Living Area Source: Vendor Enhanced
Property Age: 7
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.