Property listed by eXp Realty of California Inc, Rafi Ekmekian 888-584-9427
$1,770,000
This exceptional 6-unit building, located in the highly desirable Valley Village neighborhood of Los Angeles, presents a prime investment opportunity. The property features a well-maintained structure with stable tenants and minimal ongoing maintenance, making it an attractive asset for any investor. The property is situated in an area with excellent… Read More schools, further enhancing its appeal.The current unit mix consists of four 1-bedroom, 1-bath units and two studio apartments, offering a diverse tenant base. Additionally, there are four parking spaces available in the rear carport, along with ample street parking, ensuring convenient access for tenants.The property also offers significant upside potential. The existing 2-car garage, currently used for storage, presents an opportunity for conversion into an Accessory Dwelling Unit (ADU), which could further increase rental income or add significant value to the property.Recent capital improvements include the replacement of electric panels and water heaters, ensuring that the property is up-to-date and in good working order. The on-site laundry facilities generate approximately $3,000 in additional annual income, further enhancing the investment's financial performance.This property represents a rare opportunity to acquire a well-positioned, low-maintenance asset in a highly sought-after location with strong future potential. Read Less
Listing Snapshot
Days Online
49
Last Updated
Property Type
Other
Beds
4
Square Ft.
3,756
Lot Size
0.15 Acres
Year Built
1947
MLS Number
25516997
30 Days Snapshot Of 91607
$1.52M
-2%
(avg) sold price
8
-42%
homes sold
56
-24%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1947, Building area total: 3,756, Levels: MultiSplit, Living area: 3756, 1 building
Heating
WallFurnace
Income
Gross income: $115,716, Net operating income: $86,129
Lot
0.1492 acres, 6,498 square feet, Size: 6,498
Parking
6 totals parking, Carport, DoorMulti, Garage
Property
Zoning: LAR3
Tenant Pays
CableTv, Electricity, Gas
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
