$6,100,000
$6,200,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
7 Baths
0.55 Acres Lot
SOLD DATE : 10/26/2023
Key Details
Sold Price $6,100,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR23110612
Sold Date 10/26/23
Bedrooms 5
HOA Y/N No
Lot Size 0.549 Acres
Property Description
We are proud to represent this 22unit apartment building in Valley Village. The building was constructed in 1960. Its unit mix consists of (1) studio unit, (12) one-bedroom, one-bathroom units, and (9) two-bedroom, two-bathroom units. With a lot size of 23,906 square feet, the property has a total of 18,661 rentable square feet. The building has numerous upgrades including a $60,000 new roof, new landscaping, new paving, new front entry door, and LED lighting. The property has significant upside in existing rents. The Valley Village community is a highly desirable area rich in culture and traditions and centrally located with easy access to public transportation. The surrounding area features established well kept single family homes and a variety of shopping centers, churches, schools, and restaurants. The property is located close to the 101, 134, and 170 freeway and Ventura Blvd is just minutes away with restaurants and shopping while the metro link transportation allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for gas and electricity.
We are proud to represent this 22unit apartment building in Valley Village. The building was constructed in 1960. Its unit mix consists of (1) studio unit, (12) one-bedroom, one-bathroom units, and (9) two-bedroom, two-bathroom units. With a lot size of 23,906 square feet, the property has a total of 18,661 rentable square feet. The building has numerous upgrades including a $60,000 new roof, new landscaping, new paving, new front entry door, and LED lighting. The property has significant upside in existing rents. The Valley Village community is a highly desirable area rich in culture and traditions and centrally located with easy access to public transportation. The surrounding area features established well kept single family homes and a variety of shopping centers, churches, schools, and restaurants. The property is located close to the 101, 134, and 170 freeway and Ventura Blvd is just minutes away with restaurants and shopping while the metro link transportation allows easy access to Sherman Oaks, Woodland Hills, Burbank, Hollywood, and downtown Los Angeles. The property is separately metered for gas and electricity.
Location
State CA
County Los Angeles
Area Valley Village (91607)
Zoning Assessor
Exterior
Pool Community/Common
Building
Story 2
Others
Monthly Total Fees $261
Acceptable Financing Cash
Space Rent $1,422
Listing Terms Cash
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Bought with Cindy Hill • Equity Union