5322 Virginia Ave is a 9-unit multifamily building located North of Santa Monica Blvd and between Serrano Ave & Hobart Blvd. Built in 1958, this asset consists of a very favorable unit mix consisting of six 1 Bed/1 Bath units, two 2 Bed/2 Bath units, and one 2 Bed/1 Bath… Read More unit. The building comes with 7 parking spaces, and the Government-required seismic retrofitting has been completed. The building is separately metered for gas and electricity and it comes with a laundry room on-site with one washer and one dryer. With a walk-score of 92 “Walker’s Paradise”, the property is easily accessible to some of the most iconic neighborhoods and sites in Hollywood and Los Angeles. With easy access to 101 Freeway, it allows for an easy commute to Downton LA, and major local Hollywood attractions such as the Hollywood Walk of Fame, Griffith Observatory, Paramount Pictures Studios, Los Angeles City College, Kaiser Permanente Medical Center. Read Less
Property listed by Marcus & Millichap RE Invest, Leonardo Laterza [email protected]
Built in 1958, Building area total: 7,459, Levels: Two, 2 stories, 1 building, Architectural style: Traditional, Attached, Common walls: TwoCommonWallsOrMore, Construction materials: Stucco
Community
Urban, Gated
Cooling
WallWindowUnits
Accessibility Features
Accessibility features: Parking
Expenses
Electric expense: $560, Fuel expense: $1,506, Insurance expense: $6,525, Operating expense: $68,003, Trash expense: $3,728, Water sewer expense: $10,545
Fence
FairCondition
Fireplaces
None
Floors
Carpet, Vinyl
Heating
WallFurnace
Income
Gross income: $174,036, Net operating income: $100,812
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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