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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,695,000

Est. payment - /mo

8 Beds

7 Baths

5,703 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,703 sqft

Price per Sqft $297

MLS Listing ID 26665093

Bedrooms 8

HOA Y/N No

Year Built 1957

Lot Size 6,246 Sqft

Property Description

PRICE IMPROVEMENT!!! 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 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.

Location

State CA

County Los Angeles

Area Vvl - Valley Village

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Covered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 2356030018

Special Listing Condition Standard

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Listed by Gary Fox Miller & Desatnik Realty Co. #00847295

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12325 Riverside DR Valley Village, CA 91607