Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1956
Sq.Footage
N/A
Great opportunity to own a 28-unit apartment building in an excellent Valley Village location. Located just East of Laurel Canyon Blvd, the property is close to the NoHo Arts District, Los Angeles Valley College and just minutes to North Hollywood Metro Rail Station. Built in 1956, the property is subject to rent control. There is an attractive unit mix of 23 Two-Bedroom/One-Bath Units, Four, One-Bedroom/One-Bath Units and One Single. The property is situated on a large lot on the corner of Burbank Boulevard and Radford Avenue. Residents enjoy the low density feel as well as amenities such as BBQ picnic area, bike racks, gated covered and uncovered parking (43 total spaces), nicely landscaped courtyard, and an on-site laundry facility. With good upside in rents, a new owner can continue to renovate units and increase cash flow as units turn. Furthermore, there is potential to redevelop the property given the corner location and large33,748- SF Lot, Zoned LAR3***The LA City Soft Story Retrofit work has been completed (Buyer to Verify)
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
0.77
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Covered, Gated
Financial
-
Sales Price
$8,150,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Brett Sanson , Marcus & Millichap
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