Valley Village CA Multi Family for Sale
- Type:
- Apartment
- Sq.Ft.:
- 21,994
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.59 Acres
- Year built:
- 1960
- Baths:
- MLS#:
- CV24227936
ADDITIONAL INFORMATION
Introducing a compelling investment opportunity in the highly sought after rental community of Valley Village: A 24-unit multi-family complex that exemplifies both quality and potential. The subject property boasts large living spaces with an average unit size of 915 square feet, for a total rentable square footage of 21,994 square feet, on a 25,500 square foot lot. The diverse unit mix includes one 2-Bedroom/2-Bathroom unit with a Den, four 2-Bedroom/1-Bathroom units, one 1-Bedroom/1-Bathroom unit with a Den, and eighteen 1-Bedroom/1-Bathroom units. Each apartment is individually metered for electricity and gas, facilitating easier utility management and cost distribution. Significant capital investments have been made to enhance the property's value and tenant experience. Recent improvements include; a newer roof with an additional layer of sealant applied in 2021, a resealed driveway, a modern solar hot water heating system, new electric sub panels installed in 2023, completion of soft story retrofitting in 2017, a replastered pool in 2010, and a new security entry system installed in 2020. Additionally, the property features copper plumbing throughout, ensuring durability and reduced maintenance concerns. Amenities such as an onsite laundry facility and gated private entry add to the property’s appeal, increasing desirability among prospective tenants. With a current 11.96 Gross Rent Multiplier and a 5.15% CAP rate, along with a potential 27% upside in rental income, this investment stands out in the market for its income-generating potential and strategic enhancements.
- Type:
- Apartment
- Sq.Ft.:
- 11,018
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.52 Acres
- Year built:
- 1958
- Baths:
- MLS#:
- PW24208903
ADDITIONAL INFORMATION
KW Commercial is pleased to present the exclusive opportunity to acquire a VALUE ADD potential 16 Unit Apartment Complex in Valley Village, CA. This multi-family property is comprised of four2BD/1BA units, eight 1BD/1BA units, and four single units. This property includes a 9,348 SF leveled vacant lot that is zoned R1. With excellent proximity to shopping, entertainment districts, restaurants, and freeways this community is conveniently and centrally located. List Price $4,490,000 ( Price breakdown: $3,744,000 for apartment property + $746,000 for empty back lot) *Must be purchased together Cap Rate 6.1% CAP *Back Lot priced at $746,000 not included in cap rate calculations Building Size 11,018 SF Parcel Size 0.52 Acres Empty Back Lot Size 9,348 SF Year Built 1958 Parcel Number 234-026-016 Zoning Apartment parcel R3. Empty back lot zoned R1
- Type:
- Cluster
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 16
- Lot size:
- 0.28 Acres
- Year built:
- 1964
- Baths:
- 17.00
- MLS#:
- 224004134
ADDITIONAL INFORMATION
Prime Valley Village Multifamily OpportunityDiscover this rare investment opportunity in the heart of Valley Village. This well-maintained 10-unit building, situated on a quiet, tree-lined street, offers a diverse mix of units with excellent rental upside potential. The property features 6 spacious 2-bedroom/2-bath units, 3 1-bedroom/1-bath units, and 1 unique 1-bedroom/2-bath unit, many of which include private patios or balconies--perfect for enjoying the SoCal lifestyle. Recent upgrades include completed seismic retrofit work and Newer water heater, the building exudes pride of ownership.Built in 1964, this charming two-story property boasts central air and heating throughout, along with 10 covered parking spots. The building is meticulously cared for, with some units tastefully remodeled to appeal to modern renters. Located near top employers like Universal Studios, CBS, and NBC, as well as close proximity to the vibrant NoHo Arts District, NoHo West, and renowned dining and shopping options, this multifamily property is ideally situated for steady rental demand. Don't miss this chance to own a clean, quiet, and centrally located income-generating asset in one of the Valley's most sought-after neighborhoods
- Type:
- Cluster
- Sq.Ft.:
- 2,412
- Status:
- Active
- Beds:
- 5
- Lot size:
- 0.16 Acres
- Year built:
- 1948
- Baths:
- 6.00
- MLS#:
- 24441661
ADDITIONAL INFORMATION
This beautiful open main house has a loft-style layout, is bathed in natural light, and provides an ideal relaxed living and entertaining space. The show-stopping, open-concept kitchen is equipped with professional-grade appliances, double ovens, dual sinks, and Gold Calacatta quartz countertops, all complemented by soft-close wood cabinetry for an elevated culinary experience. The bathrooms feature sleek, contemporary designs with high-end finishes, offering a spa-like experience. Expansive glass sliding doors lead to a peaceful backyard retreat, perfect for outdoor dining or relaxation. The home also boasts energy-efficient upgrades, lowering utility costs while promoting sustainability. Additionally, a self-contained 1 bed 1 bath ADU offers flexible living options whether as a rental unit for additional income or a guest suite.
- Type:
- Triplex
- Sq.Ft.:
- 1,902
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1939
- Baths:
- MLS#:
- BB24192134
ADDITIONAL INFORMATION
Back on market! Previously sold with multiple offers over list price! Run, don't walk! Opportunity awaits in the heart of Valley Village with this prime 3-unit property! Featuring three 1 bedroom, 1 bathroom units, this gem has been owned by the same family for over 48 years. Each unit boasts hardwood floors and a charming dining area. The back unit offers a private patio for added outdoor enjoyment. With three 1-car garages and a long driveway, parking is never an issue. This is a rare find in an unbeatable location—perfect for investors or owner-occupants looking to capitalize on a highly sought-after area. Don’t miss out on this exceptional opportunity!
$1,500,000
5238 Hermitage Valley Village, CA 91607
- Type:
- Triplex
- Sq.Ft.:
- 1,885
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1951
- Baths:
- MLS#:
- EV24194533
ADDITIONAL INFORMATION
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.
- Type:
- Cluster
- Sq.Ft.:
- 5,978
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.16 Acres
- Year built:
- 1953
- Baths:
- 6.00
- MLS#:
- 24432433
ADDITIONAL INFORMATION
The Coldwater Canyon apartments a six unit building in Valley Village. Located on a corner lot, there is a potential to build three additional accessory dwelling units (ADUs). This opportunity not only enhances rental income potential but also maximizes property value, making it a highly attractive investment in a market where space and housing options are increasingly coveted. There is approximately 50% rent upside and the building is separately metered for gas and electricity.
- Type:
- Cluster
- Sq.Ft.:
- 4,802
- Status:
- Active
- Beds:
- 8
- Lot size:
- 0.17 Acres
- Year built:
- 1948
- Baths:
- 8.00
- MLS#:
- 24431163
ADDITIONAL INFORMATION
We are pleased to present 5222 Hermitage Ave, a 5-unit multifamily property in Valley Village, CA.In 1948, this property was originally built as a single family house. Then in 1987, the owner submitted building plans to add 4 units in addition to the house, making it a 5 unit property. The construction was finished in 1989, and the certificate of occupancy was issued in 1990. The property isn't on the city's list for mandatory soft story retrofitting, despite the tuck-under parking in the back. This is likely because the tuck-under parking was built in 1990, and therefore exempt from seismic retrofitting requirements, but the Buyer should verify and rely on Buyer's own research.This 4,802 square foot building sits on a 0.17 acre lot, and it boasts a strong unit mix with (1) 1,100 SqFt 3-Bedroom, (1) 950 SqFt 2-Bedroom, and (3) 650 SqFt 1-Bedroom units. The 3 bedroom unit was recently renovated as well as one of the 1-bedroom units. The other three units are occupied by tenants living there for 10+ years, and those units offer significant upside potential for the buyer. Also, this property's layout lends itself perfectly for two brand new construction ADUs to be built on the back parking lot.5222 Hermitage is located in a great pocket of Valley Village, a desirable community within the San Fernando Valley, known for its residential charm, accessibility, and convenience. The property benets 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.
- Type:
- Cluster
- Sq.Ft.:
- 13,207
- Status:
- Active
- Beds:
- 26
- Lot size:
- 0.35 Acres
- Year built:
- 1970
- Baths:
- 25.00
- MLS#:
- 24431091
ADDITIONAL INFORMATION
We are pleased to present Hermitage Court, a 15-unit apartment community in Valley Village, CA. Built in 1970, this property is subject to LA Rent Control (RSO), but it is not required to have an onsite manager, saving the landlord a signicant expense.Priced at $4,320,000, Hermitage Court is offered well below ULA Mansion Tax's threshold of $5,150,000, allowing the buyer to increase the property's value without having to worry about paying for ULA taxes on a future sale.This 13,207 square foot building sits on a large 0.35 acre lot, and it boasts an excellent unit mix of twelve 2-bedroom units (80% 2-bed units), two 1-bedroom units, and one studio. The property wraps around a beautiful courtyard with well manicured landscaping, and it is fully secured with all entrances closed off from the public. There's plenty of parking for the tenants with some private garages in the front and additional parking in the back. Also, the property offers its tenants a pool and BBQ area to enjoy.The seller has renovated 8 of the 15 units in recent years, leaving the buyer ample opportunity to capitalize on approximately 33% upside in rents through unit turns. Also, the buyer could consider converting the garages into ADUs, adding to the total unit count and significantly increasing the property's value. Hermitage Court is located in a great pocket of Valley Village, a desirable community within the San Fernando Valley, known for its residential charm, accessibility, and convenience. The property benets 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.
- Type:
- Cluster
- Sq.Ft.:
- 5,796
- Status:
- Active
- Beds:
- 12
- Lot size:
- 0.18 Acres
- Year built:
- 1961
- Baths:
- 11.00
- MLS#:
- 24424883
ADDITIONAL INFORMATION
INVESTMENT HIGHLIGHTS: Hard to-find asset in the desirable Valley Village market; New roof - 2024; Seismic retrofit completed 2024; New windows; New fences, New stairs, New exterior paint; Bright and spacious units, on-site parking and laundry; Excellent unit mix of Three (2+2), One (3+2) and Three (1+1) apartments; Some units have fireplaces; Owner's Three-bedrom unit wth private patio; Located just north of Magnolia Boulevard on a quiet tree-lined street. Capital expenditure pass-through to tenants being approved by the City; Rental income will be increasing as soon as owner receives the amount of capital expenidture pass-through to each unit.
Valley Village Real Estate
The median home value in Valley Village, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Valley Village, CA is $912,500. Approximately 33.96% of Valley Village homes are owned, compared to 58.13% rented, while 7.92% are vacant. Valley Village real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Valley Village real estate agent to arrange a tour today!
Valley Village 91607 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
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