1811 Whitley Ave - Apartments FOR SALE


Los Angeles, CA 90028- Hollywood
$9,495,000 USD
310-926-5181
1811 Whitley Ave, Los Angeles, CA for Sale
$9,495,000 USD
Apartments - FOR SALE
1/18
null | 6.82% Cap Rate

1811 Whitley Ave
Los Angeles, CA 90028
Hollywood


HIGHLIGHTS

  • Iconic 13-story trophy asset in the heart of Hollywood, featuring exceptional amenities, strong cash flow, and excellent upside
  • Meticulously maintained building with a beautiful lobby, large pool & courtyard, new Art Deco tile flooring, systems upgrades, and renovated units
  • Includes 37 on-site income-generating parking spaces, offering additional revenue potential
  • Strong unit mix of (2) efficiency, (36) studios, (11) 1+1 , (1) 2+1 , and a luxurious 3+1.5 penthouse unit; many offer unobstructed 360 degree views
  • In prime Hollywood, one of the most vibrant neighborhoods in Los Angeles, surrounded by top-tier restaurants, entertainment, & nightlife
  • An elegant and refined building filled with decades of Hollywood history, once home to iconic stars Johnny Depp and Nicolas Cage

OVERVIEW

Kidder Mathews is pleased to present a rare opportunity to acquire The Fontenoy, an iconic 13-story trophy asset located at 1811 Whitley Avenue in the heart of prime Hollywood—one of Los Angeles’ most vibrant and sought-after neighborhoods. Designed in 1928 by renowned architect Leland E. Bryant, who crafted some of the city's most striking apartment buildings during the 1910s and 1920s, The Fontenoy stands as the tallest building in the area, offering an exceptional blend of architectural history and future potential. Meticulously maintained, the property boasts a strong unit mix, including two efficiency units, 36 studios, 11 one-bedroom/one-bath units, 1 two-bedroom/one-bath unit, and a 3-bedroom/one-and-a-half-bath penthouse. Many of these spacious units feature 10-foot high beamed ceilings, vanity areas, large closets, charming tiled bathrooms, and in some cases, updated flooring, stainless steel appliances, and custom cabinetry. While the property has seen various upgrades, there remains significant upside potential to redevelop both individual units and common areas. Notable opportunities include enhancing the expansive courtyard, pool, and other shared spaces to provide resort-style living that would elevate the property's appeal and increase rental income. With many units offering unimpeded 360-degree views of the city, this rare gem presents an excellent opportunity for investors to capture market rents and further enhance the property’s value. Additional highlights include a massive rooftop sign, an elegant lobby, new Art Deco tile flooring throughout the hallways, and a beautifully landscaped courtyard. Tenants enjoy an unbeatable location, surrounded by Hollywood's iconic dining, entertainment, and nightlife scene, while being in close proximity to major employment centers across Los Angeles. The Fontenoy offers a unique opportunity to acquire a piece of Hollywood history with substantial potential for future growth. *Concrete construction. Non-ductile concrete retrofit is required.

FOR SALE DETAILS

PRICE

$9,495,000 USD

PRICE/SF

$240 USD /SF

# OF UNITS

51

PRICE/UNIT

$186,176

CAP RATE

6.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Fontenoy

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

13

YEAR BUILT

1929

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,480 SF

ZONING

R5-4, Los Angeles

APN/PARCEL ID

5547-004-031,5547-004-033

ASK ABOUT THIS PROPERTY

Janet NemanKidder MathewsMore Info
310-926-5181

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Janet NemanKidder MathewsMore Info
310-926-5181

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.