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Natalie Miranda
marketing@thewhipplegroup.com$ 2,995,000
Est. payment | /mo
9,970 Sqft Lot
$ 2,995,000
Est. payment | /mo
9,970 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25186207
HOA Y/N No
Year Built 1956
Lot Size 9,970 Sqft
Property Sub-Type Multi Family
Property Description
Rare Valley Village 6-Unit Apartment Building – First Time on the Market Since 1997! An outstanding investment opportunity has arrived in the heart of Valley Village, California. Offered for the first time in nearly three decades, this well-maintained six-unit multifamily property combines exceptional stability with exciting upside potential. The building offers a desirable and diverse unit mix consisting of three 1-bedroom/1-bath units, one spacious 3-bedroom/1-bath unit, and two studio/1-bath units. Half of the residences have been fully renovated with modern kitchens, stylish bathrooms, and updated flooring, while the remaining units present a clear value-add opportunity for the next owner to elevate rents by completing similar upgrades. Fully leased with a proven history of long-term tenancy, this property is anchored by residents who have called it home for over 20 years. Additional income is generated through the on-site laundry room, and tenants benefit from six dedicated parking spaces with convenient alley access. At the heart of the property, a central communal courtyard with BBQ areas creates a warm, inviting atmosphere that encourages tenant satisfaction and retention. Located on Burbank Boulevard, this prime Valley Village address offers easy access to the 101 and 170 freeways and is just minutes from the NoHo Arts District, Trader Joe's, and the vibrant shops and restaurants along Ventura Boulevard. With its unbeatable combination of location, stability, and value-add potential, this property is an ideal acquisition for investors seeking immediate cash flow and long-term growth.
Location
State CA
County Los Angeles
Area Vvl - Valley Village
Interior
Fireplace No
Appliance Dryer, Washer
Laundry Common Area, Washer Hookup, Gas Dryer Hookup
Building
Lot Description 0-1 Unit/Acre, Street Level
Story 1
Water Public
Others
Tax ID 2340020017
Special Listing Condition Standard
Listed by Anthony Guetzoian Century 21 Valley Properties, Inc. 818-266-1100
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Natalie Miranda
Marketing Director | License ID: 02122928