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6820 Whitley Terrace, Los Angeles, CA 90068
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6820 Whitley Terrace Los Angeles, CA 90068

$1,875,000 Sold Price as of 08/05/2021
  • 8 Beds
  • 8 Baths
  • 4,818 Sq.Ft.
Sold
$1,875,000 Sold Price as of 08/05/2021 Refinance Your Mortgage
Map preview of 6820 Whitley Terrace, Los Angeles, CA 90068

Property Overview: 6820 Whitley Terrace Los Angeles, CA has 8 bedrooms, 8 bathrooms, 4,818 living square feet and 5,201 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Built in 2006, this offering is not subject to LA rent control and contains a good unit mix of one (1) one-bedroom/one-bathroom low-income unit, one (1) one-bedroom/one-bathroom unit, and three (3) two-bedroom/two-bathroom units. All of these character units are spacious and bright with plenty of closet/storage space and tons of windows letting in natural light. These large townhome units feature hardwood floors throughout, fresh paint, and spacious bedrooms with private bathrooms. Each unit comes fully equipped with central HVAC, washer and dryers in unit, stove/ovens, refrigerators, and dishwashers. Four (4) units come with large (20x24 ft) private storage space that can be used for music practice. These storage units/musical practice space have the potential to be converted into four (4) separate accessory dwelling units (ADUs). The well-maintained property features onsite laundry facilities and a small yard, perfect for barbequing and picnicking. The fenced-in building is located on a hillside, with view of Hollywood and on-site parking available. This property is exempt from LA city rent control but is still subject to statewide rent control. Situated in prime Whitley Heights, this offering presents a unique opportunity for an astute investor to acquire a non-rent controlled building built in 2006 in a prime submarket that rarely trades.

Listed by Jason Tuvia | BRE #01772495 | Marcus & Millichap
Last checked: 14 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 76

Home details

Lot Sq. Ft
5,201
HOA Dues
$0/mo
Year built
2006
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21700788
City
Los Angeles
County
Los Angeles
Time on Site
1171 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,328
  • Total Rent: $1,328
  • Pro Forma/Market Rent: $1,328
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,700
  • Total Rent: $2,700
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,650
  • Total Rent: $2,650
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $2,950
  • Total Rent: $2,950
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 14.94
  • Gross Scheduled Income: --
  • Net Operating Income: $91,816
  • Gross Operating Income: $130,430
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6820 Whitley Terrace

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Fireplace Information
  • Has Fireplace
  • Family Room
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Oven
Interior Features
  • Security Features: Automatic Gate, Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Subterranean
Lot Information
  • Lot Features: Back Yard, Front Yard, Yard
Property Information
  • Total # of Units: 5
  • Parcel Number: 5576002038
  • Architectural Style: Modern
Location / Neighborhood
Location Information
  • Directions: Prime Hollywood Hills location in Whitley Heights, just west of Cahuenga Boulevard and north of Franklin Avenue
View more facts & features

Local Los Angeles Agent

Sale History for 6820 Whitley Terrace

Last sold for $1,875,000 on August 5th, 2021

  • August, 2021

  • Aug 8, 2021

    Date

    Sold

    CRMLS: 21700788

    $1,875,000

    Price

  • May 20, 2021

    Date

    Active Under Contract

    CRMLS: 21700788

    $1,875,000

    Price

  • May 14, 2021

    Date

    Price Change

    CRMLS: 21700788

    $1,875,000

    Price

  • Apr 14, 2021

    Date

    Price Change

    CRMLS: 21700788

    $1,995,000

    Price

  • Apr 13, 2021

    Date

    Active

    CRMLS: 21700788

    $2,085,000

    Price

  • Apr 12, 2021

    Date

    Active Under Contract

    CRMLS: 21700788

    $2,085,000

    Price

  • Mar 19, 2021

    Date

    Price Change

    CRMLS: 21700788

    $2,085,000

    Price

  • Mar 4, 2021

    Date

    Active

    CRMLS: 21700788

    $2,250,000

    Price

  • April, 2002

  • Apr 9, 2002

    Date

    Sold (Public Records)

    Public Records

    $90,000

    Price

  • January, 2001

  • Jan 24, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6820 Whitley Terrace

Assessed Value (2020): $791,669
Year Land Value Improved Value Assessed Value
2020 $121,562 $670,107 $791,669

Home Value Compared to the Market

This property vs the competition

6820 Whitley Terrace sold on August 5, 2021 for 57.56% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $389.17 per/sqft which puts the price per square foot 48.45% lower than the current median sale per square foot for the city of Los Angeles.

About 6820 Whitley Terrace

Detailed summary of property

6820 Whitley Terrace is a multi family that recently sold in Los Angeles, CA 90068. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 4,818 living square feet, and sits on an approximately 5,201 square foot lot. 6820 Whitley Terrace was first listed on ArdentRealEstateGroup.com on March 5, 2021. The homeowner sold the property for $1,875,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 57.56% higher than the current median priced home. Local homes that are currently for sale include 6918 Willoughby Ave, 5918 Barton Ave and 806 N Citrus Ave. While the average home in Los Angeles, CA is selling in 92 days, 6820 Whitley Terrace has a days on market of 76 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 6820 Whitley Terrace Los Angeles, CA 90068 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6820 Whitley Terrace

Public county record property details
Beds
8
Baths
8
Year built
2006
Sq. Ft.
4,818
Lot Size
5,201
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
36
APN
5576-002-038

The source for these homes facts are from public records.

90068 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,199,999
Median List Price/Sq.Ft.
$869
Median Sold Price
$2,100,000
Median Sold Price/Sq.Ft.
$897
Total Inventory
160
Median Sale to List Price %
112%
Avg Days on Market
31
Loan Type
Conventional (9.68%), FHA (3.23%), VA (0%), Cash (9.68%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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