Skip To Content

--
  • --
    BEDS
  • --
    ACRES
  • --
    BATHS
  • --
    1/2 BATHS
  • --
    SQFT
  • --
    $/SQFT

Listing Details

Status
--
On Site
--
On Market
--
MLS #
--
Neighborhood
--
Type
--
Built
--
County
--
Area
--

School Ratings & Info

Description

We are pleased to present this 20-unit multifamily offering located at 5222-5228 Hermitage Avenue in Valley Village, CA. Built in 1948 & 1970, the properties sit on a combined lot size of 15,246 SqFt (0.35 Acres) and has a total building SqFt of 18,009. The properties also have an excellent and diversified unit mix with (1) Studio, (5) 1-Bed units, (13) 2-Bed units, and (1) 3-Bed unit, with an average unit size of 900 SqFt.Over the past 3 years, the Seller has spent a significant amount of money on interior renovations with 7 of the 20 units being fully renovated and re-leased at market rates, which leaves the remaining 13 units to be improved by the buyer. This offering is ideal for a value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 30%.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T12:29:36.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
www.bestsocalhomesearch.com/homes/118169434
Print Image

5222 & 5228 Hermitage Avenue Valley Village, CA 91607

  • Price: $7,700,000
  • Status: Active
  • Updated: 66 min ago
  • ID#: 21747930
0
Beds
0
Baths
0
½ Baths
0.52
Acres
1970
Built
Neighborhood:
VVL - Valley Village
County:
Los Angeles
Area:
VVL - Valley Village
Property Description
We are pleased to present this 20-unit multifamily offering located at 5222-5228 Hermitage Avenue in Valley Village, CA. Built in 1948 & 1970, the properties sit on a combined lot size of 15,246 SqFt (0.35 Acres) and has a total building SqFt of 18,009. The properties also have an excellent and diversified unit mix with (1) Studio, (5) 1-Bed units, (13) 2-Bed units, and (1) 3-Bed unit, with an average unit size of 900 SqFt.Over the past 3 years, the Seller has spent a significant amount of money on interior renovations with 7 of the 20 units being fully renovated and re-leased at market rates, which leaves the remaining 13 units to be improved by the buyer. This offering is ideal for a value-add investor who wants to own a very well-located Valley Village property with the potential to increase the rental income by nearly 30%.
Property Features

Gross Income 450491 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 267386 Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lar3

Listing provided courtesy of Filip Niculete of Marcus & Millichap


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T12:29:36.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty ONE Group Empire. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365584351-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365584351-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_365584351-2.jpg
Logo
Realty ONE Group Empire
13330 Ranchero Rd. Ste 12
Oak Hills CA, 92344