Wonderful Valley Village apartment building near Laurel Canyon and Magnolia. Extremely central and well kept. All the units are large Studio apartments with full kitchens and ample parking feeling like small cottages with lovely front green lawns and shady trees. The rents are not at their heights and have ample rental upside. Average rents are only $1325 and the market rents here are $1650. Centrally located moments from CBS, NBC, Universal, Disney, and Warner Bros. Studios, public transportation, beloved Valley Village Park, the famed NoHo Arts District and the NoHo West mega- complex. The electric sub - panels have all been upgraded as well as the seismic retrofit work. There is also room in the rear to add ADUs . Easy to manage.
This newer 8 unit apartment building was originally built as 9 units. Two units were combined together to approve it as a Condo Project. The process was never completed. The large 4 BR unit is intentionally kept vacant. The new owner could easily re-convert the one large 4 BR unit back into two 1270 sq ft units (one 2 BR 2.5 BA unit & one 2 BR 2.5 BA ADU) making a total of 9 units. Buyer to verify with the City. All units are equipped with Central Air & Heat, Washer & Dryer, wood floors and the property's gated semi-subterranean with 16 assigned parking spaces & 2 additional guest parking spaces add a sought-after element of convenience. Centrally located moments from CBS, NBC, Universal, Disney, and Warner Bros. Studios, public transportation, beloved Valley Village Park, the famed NoHo Arts District and the NoHo West mega-complex. This is the place to invest.
This is a Development project with Plans ready for an ambitious developer of this 26 mixed units in the Burbank/Valley Village area. The plans will be apptroved at or beofre close of escrow. The buyer to pay for permits and construction.
12823 Burbank Boulevard is a 6-unit apartment building located in Valley Village, one of the most desirable neighborhoods in the San Fernando Valley. This property features a strong unit mix of four one-bedroom, one-bathroom units and two two-bedroom, one-bathroom units. Located right off Coldwater Canyon, the property features easy access to the entire San Fernando Valley. This property is a great value-addopportunity with approximately 33% upside in rents.
We are proud to present 5222-5228 Hermitage Avenue - a value add real estate opportunity located in Valley Village, CA. The 20 unit building is comprised of 1- Studio, 4- 1 bed/1 bath, 1- 1 bed/1.5 bath, 2- 2 bed/1 bath, 9- 2 bed/2 bath, 2- 2 bed/2.5 bath and 1- 3 bed/2 bath units. Constructed in 1948 & 1970, the 20 units sits on 2 APNs which eliminates the need for an on-site manager. The property spans 18,009 gross square feet, and is set on a total 0.52-acre lot. The property has ample gated and garage parking for tenants with easy access through the front or either side of the properties. To enhance the quality of living for residents, the property features a smoke-free environment, intercom, laundry facilities and pool.One of this property's significant attractions is the great value-add potential. Current rents at the property are approximately 33% below the market rate, presenting a significant opportunity for the buyer. Assuming the buyer can turn over all units and achieve market rents throughout, we estimate that the units could bring in about $54,000 in gross rental income each month, or about $650,000 per year, increasing the buyer's CAP rate to 7.55%! The location of 5222-5228 Hermitage Ave in Valley Village is particularly noteworthy with a Walk Score of 79 (Very Walkable). Valley Village is a desirable community within the San Fernando Valley, known for its residential charm, accessibility, and convenience. The property benefits from its proximity to key transportation routes, shopping, dining, and entertainment options, as well as its closeness to major employment centers. This prime location not only enhances the living experience for tenants but also contributes to the property's overall attractiveness as an investment, by supporting sustained demand and the potential for rental growth. The blend of a well-maintained property, a diverse unit mix, and a prime location makes this asset a compelling opportunity for investors looking to capitalize on the Valley Village rental market.
Courtesy: Marcus & Millichap
Welcome to Well maintained 4 units all are 2+1 approx. 900 plus sqft, Located in desirable area of Valley Village. Upstairs owner occupied unit D will be delivered vacant at coe. 4 carport parking spaces with storage, onsite laundry room next to the car port. Newly asphalt driveway and parking area. Easy access to 134 & 170 Hwy, Shopping and public transportation, express bus line off Chandler connects to metro stations. Sherman Oaks Galleria and Ventura Blvd shopping short drive away. Low maintenance building, easy to manage for first time investor & good for 1031 exchange.
Outstanding Investment OPPORTUNITY!! 5238 Hermitage is a Multi-Family Triplex located in the highly desirable Valley Village Community. The property consists of (3) one bedroom, one bath units, each having use of a detached (3) car garage. This quaint property was built in 1951 and has a lot size of approximately 8,197 square feet with a total rentable space of 1,885. The site is level and the development potential is great. Options may be available to improve the property or re-develop the site, with a significant density boost. Buyer to verify all City, State Codes and Programs available for re-development. The Valley Village community is an area that is rich in culture and traditions and is located with easy access to public transportation, metro link, and a variety of shopping centers, churches, schools and restaurants. This property and the surrounding area features established small to multi-family projects, which are close to the 101, 170 and 134 Freeways. Don't miss out on this exceptional opportunity!! Property is being sold in it's current 'As Is" condition without any repairs or relocation of tenants. Buyer to do their own due dilligence.
Valley Village is located in California.
