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RYAN STEELE

ryan.steele@lptrealty.com +1(818) 900-1859

$ 1,425,000

Est. payment | -/mo

6 Baths

6,534 Sqft Lot

Save

$ 1,425,000

Est. payment | -/mo

Save

6 Baths

6,534 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26874537

Year Built 1956

Lot Size 6,534 Sqft

Property Sub-Type Multi-Family

Property Description

Desirable Valley Glen with Owner's Unit featuring Large Private Enclosed Patio. In-Place Cash Flow: $120,665 in gross income with a 5.65% cap rate, providing steady initial yield for a 6-unit San Fernando Valley asset. Property Features: Detached carport parking (6 spaces) and on-site laundry facilities. Rental Upside Strategy: 30%+ rent growth to reach full market potential. ADU Potential: With LAR3 zoning and a 6,751 sq. ft. lot, converting detached carport structures or garages into an Accessory Dwelling Unit (ADU) could add an immediate 7th revenue stream. Appreciation DriversPrime Location: Minutes from the NoHo Arts District and NOHO West retail plaza, driving strong tenant demand from young professionals and entertainment industry workers. Transit & Access: Proximity to the North Hollywood B Line (Red) Metro station and major Valley thoroughfares positions the asset well for long-term infill land value growth.

Location

State CA

County Los Angeles

Area Valley Glen

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall/Window

Equipment Built-Ins

Exterior

Parking Features Carport Detached

Garage Spaces 6.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

Schools and Properties Nearby

6254 Whitsett Valley Glen, CA 91406