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5451 Hermitage Ave

Valley Village, CA 91607
  • $3,750,000
  • STATUS: Active
  • ON SITE: 19 Days
  • MLS #: 21-106215
UPDATED: 65 min ago
$3,750,000
  • 18
    BEDS
  • 0.31
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,758
    SQFT
  • $349
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1963
County:

School Ratings & Info

Description

We are proud to present this 11 unit apartment building in an excellent Valley Village location. Built in 1963, the property is subject to Los Angeles City rent control. There is an excellent unit mix of spacious units which include Three One-Bedroom/One-Bath Units; Three Two-Bedroom/Two-Bath Units; and Five Two-Bedroom/Two-Bath Units. Approximately six of the units have been renovated. The building has been upgraded to a fresh modern facade with wood detail, newer roof and newer exterior paint. This building includes expanded courtyard space and new landscaping with native California plants designed for low water usage. Two new 50Gallon Bradford Water Heaters and new recirculating pump have recently been installed. Located just South of Burbank Boulevard and just West of Laurel Canyon, the property offers residents a very desirable location. Quick access to the 170 Freeway and just a few minutes from the NoHo Arts District, residents can easily get to plenty of dining, shopping and entertainment options nearby. With the easy freeway access to the 170, 101 and 134, plenty of employment opportunities in the neighboring cities are also a short drive away. Also within walking distance is the Laurel Canyon Station for the Metro Orange Line Busway. This opportunity is perfect for an investor looking for a recently renovated property with upside in rents as low paying units turnover. ***The LA City Soft Story Retrofitting work has recently been completed (Buyer to Verify)***

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. 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.
www.searchdesertrealestate.com/homes/123387843
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5451 Hermitage Ave Valley Village, CA 91607

  • Price: $3,750,000
  • Status: Active
  • On Site: 19 Days
  • Updated: 65 min ago
  • MLS #: 21-106215
18
Beds
0
Baths
0
½ Baths
0.31
Acres
10,758
SQFT
$349
$/SQFT
1963
Built
Neighborhood:
Valley Village
County:
Los Angeles
Area:
Valley Village
Property Description
We are proud to present this 11 unit apartment building in an excellent Valley Village location. Built in 1963, the property is subject to Los Angeles City rent control. There is an excellent unit mix of spacious units which include Three One-Bedroom/One-Bath Units; Three Two-Bedroom/Two-Bath Units; and Five Two-Bedroom/Two-Bath Units. Approximately six of the units have been renovated. The building has been upgraded to a fresh modern facade with wood detail, newer roof and newer exterior paint. This building includes expanded courtyard space and new landscaping with native California plants designed for low water usage. Two new 50Gallon Bradford Water Heaters and new recirculating pump have recently been installed. Located just South of Burbank Boulevard and just West of Laurel Canyon, the property offers residents a very desirable location. Quick access to the 170 Freeway and just a few minutes from the NoHo Arts District, residents can easily get to plenty of dining, shopping and entertainment options nearby. With the easy freeway access to the 170, 101 and 134, plenty of employment opportunities in the neighboring cities are also a short drive away. Also within walking distance is the Laurel Canyon Station for the Metro Orange Line Busway. This opportunity is perfect for an investor looking for a recently renovated property with upside in rents as low paying units turnover. ***The LA City Soft Story Retrofitting work has recently been completed (Buyer to Verify)***
Exterior Features

Lot Size Area 13546 Other Structures None Parking Garage Covered Parking Total Parking 10

Interior Features

Baths Total 16.00 Cooling Wall/Window Equipment Range/Oven Heating Wall Laundry Community

Property Features

Assessed Total Value 3508800 Gross Income 247344 Gross Operating Income 236777 Like Units1 3 Like Units2 3 Like Units3 5 Net Operating Income 144126.00 Number Of Buildings 1 Number Of Units 11 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 92651 Type Of Units Flat Year Built Source Assessor Zoning Lar3

Listing provided courtesy of Brett Sanson DRE#01387480 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-08T13:43:25.427. 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.
 
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The John Jay Group - Bennion Deville Homes
74996 Highway 111
Indian Wells CA, 92210