1936 Whitley Avenue, Los Angeles, CA 90068

Chateau Whitley is a 13-unit boutique luxury value-add opportunity located in the high barriers of entry in the Whitley Heights pocket of Hollywood Hills. This celebrity neighborhood represents a unique opportunity to purchase an asset steps away from the heart of Hollywood. Through strategic interior and exterior value add enhancements investors can achieve approximately 39% upside on rental premiums. The property features 13 individual subterranean parking spots, shared laundry facility, community pool, and a secured lobby entry. Chateau Whitley has a large storage room with high ceilings located on the Penthouse level of the building. This room presents an opportunity for an astute investor to convert this to an Accessory Dwelling Unit and achieve high end rental premiums. (Buyer to verify) 1936 Whitley has a unique unit mix with select units featuring townhome style apartments, and a large penthouse. The property is separately metered for both gas and electricity, and master metered for water.