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… Read More 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. Read Less
Courtesy of Miller & Desatnik Realty Co. 310-202-9166
Listing Snapshot
Days Online
66
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,703
Lot Size
0.14 Acres
Year Built
1957
MLS Number
26665093
30 Days Snapshot Of 91607
$2.17M
+79%
(avg) sold price
7
+16%
homes sold
85
-2%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
5,703 sq ft, Built in 1957, Levels: Two
Cooling
Wall Unit(s)
Disclosures
None
Garage
Covered Parking
Heating
Wall
Lot
LotAcreage: 0.1429, LotSizeArea: 6,247
Parking
TotalParking: 6
Property
NumberOfUnits: 7, Zoning: LAR3
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