Active
$1,695,000
7 Units
5 Beds
9 Baths
3,748 Area(sq.ft.)
Lot: 5,500 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 4 | studio | 1 | No | $ 1,415 | $ 5,661 | $ 7,000 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,318 | $ 1,318 | $ 1,995 |
| Unit 3 | 1 | 2 | 1 | No | $ 2,041 | $ 2,041 | $ 2,395 |
| Unit 4 | 1 | 2 | 1.75 | No | $ 1,543 | $ 1,543 | $ 2,445 |
| 7 | 5 | 8 | $ 10,562 | $ 27,546 | $ 34,835 |
| MLS #: | 25536257 |
| Days On Market: | 212 |
| Listing Date: | May 8, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 452 |
| Price per unit: | $ 242,143 |
| Year Built: | 1957 |
Property Details
Situated one block from Los Angeles Valley College, the property allows an investor to tap into a high-demand rental pocket while benefiting from the demographics in one of the most desirable neighborhoods within Los Angeles. The property's seismic retrofit repairs have already been completed (Buyer to verify), so a new owner is saved from an otherwise expensive capital expenditure while simultaneously benefiting from monthly passthrough payments. Plumbing at the property has already been upgraded with copper pipes, helping to reduce both maintenance and utility costs for the new owner. Just within the past three years, three of the units have been renovated with upgraded flooring, countertops, windows, and light fixtures. This helps to provide a blueprint for a new investor to remodel the remaining units, which may help recapture the 30% rent upside. Located near the intersection of Woodman Avenue and Burbank Boulevard, the property offers high visibility along one of the San Fernando Valley's main thoroughfares. The Westfield Fashion Square is just 1.3 miles away, while the high-end boutiques and fine dining destinations along Ventura Boulevard are only two miles south. Residents in the area can shop at the numerous grocery stores nearby, notably Erewhon, Whole Foods Market, and Trader Joe's.Interested in this Listing?
Miami Residence will connect you with an agent in a short time.
Income Details
| Gross Operating Income: | $ 123,673 |
| Total Annual Expense: | $ 48,025 |
| Net Operating Income: | $ 75,649 |
| Gross Annual Income: | $ 126,756 |
| Gross Rent Multiplier: | 13.30 |
Structure
| Type of Units: | Residential |
| Buildings: | 1 |
| Levels: | Two |
Land & Parking
| Zoning: | LAR3 |
| Parking Garage: | Assigned |
Interior
| AC/Cooling: | Other |
| Equipment: | Other |
| Heating: | Other |
Exterior
Detailed Map
Schools
Find a great school for your child
Income
