This 7-unit apartment building presents an outstanding opportunity to acquire a well-located multifamily asset in the highly desirable Valley Village submarket. Ideally situated between Coldwater Canyon Boulevard and Laurel Canyon Boulevard, the property offers convenient access to many of the San Fernando Valley's most vibrant neighborhoods and employment centers. Tenants… Read More are just minutes from the dining, shopping, and entertainment options along Ventura Boulevard, as well as the popular destinations in Studio City and the thriving arts and entertainment scene of the NoHo Arts District. The property features a desirable unit mix of six 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, appealing to a broad tenant base seeking quality housing in a centrally located neighborhood. Tenant amenities including beautiful hardwood flooring, wall air conditioning units, on-site laundry facilities, and dedicated parking. The property offers strong rental upside, with several units currently rented at below-market rates, providing a clear path for future income growth. With continued demand for rental housing in Valley Village and the property's prime location near major retail, dining, and entertainment corridors, investors have the opportunity to capture significant rent appreciation over time. The offering represents a terrific opportunity for an investor to acquire a well-located apartment building in one of the Valley's most sought-after neighborhoods. Read Less
Property listed by Miller & Desatnik Realty Co., Gary Fox 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
8
Square Ft.
5,703
Lot Size
0.14 Acres
Year Built
1957
MLS Number
26665093
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1957, Living area: 5703.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $145,455, Net Operating Income: $71,222
Lot
0.1434 acres
Parking
6 total parking spaces, Covered
Taxes
Parcel Number: 2356030018, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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