5222 Hermitage Avenue

Valley Village, CA 91607

  • 8 Bed(s)
  • 0 Bath(s)
  • 4,802 Sqft
  • 7619
    Sqft(Lot)
$1,475,000

Description

We are pleased to present 5222 hermitage ave, a 5-unit multifamily property in valley village, ca.in 1948, this property was originally built as a single family house. then in 1987, the owner submitted building plans to add 4 units in addition to the house, making it a 5 unit property. the construction was finished in 1989, and the certificate of occupancy was issued in 1990. the property isn't on the city's list for mandatory soft story retrofitting, despite the tuck-under parking in the back. this is likely because the tuck-under parking was built in 1990, and therefore exempt from seismic retrofitting requirements, but the buyer should verify and rely on buyer's own research.this 4,802 square foot building sits on a 0.17 acre lot, and it boasts a strong unit mix with (1) 1,100 sqft 3-bedroom, (1) 950 sqft 2-bedroom, and (3) 650 sqft 1-bedroom units. the 3 bedroom unit was recently renovated as well as one of the 1-bedroom units. the other three units are occupied by tenants living there for 10+ years, and those units offer significant upside potential for the buyer. also, this property's layout lends itself perfectly for two brand new construction adus to be built on the back parking lot.5222 hermitage is located in a great pocket of valley village, a desirable community within the san fernando valley, known for its residential charm, accessibility, and convenience. the property benets from its proximity to key transportation routes, shopping, dining, and entertainment options, as well as its closeness to major employment centers. this prime location not only enhances the living experience for tenants but also contributes to the property's overall attractiveness as an investment, by supporting sustained demand and the potential for rental growth. the blend of a well-maintained property, a diverse unit mix, and a prime location makes this asset a compelling opportunity for investors looking to capitalize on the valley village rental market.

  • Property Type

    Residential Income

  • Subdivision

    Fallbrook

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    46728672

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Property Details

  • Bedroom Information

    • Total Bedrooms : 8

    Bathroom Information

    • Total Baths: 8
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1948
    • Building Area Total: 4,802

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1749
    • Lot Size Dimensions: 58x131
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 7619

  • Listing Price Information

    • Original List Price: 1,475,000
    • Listing Contract Date: 2024-08-22

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2347023007

  • Garage and Parking

    • Garage Description: Covered

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: VVL - Valley Village
    • Postal Code Plus 4: 4227
    • Directions: Hermitage & Magnolia
    • Zoning: LAR3
    • Source Property Type: Residential Income
    • Area: VVL - Valley Village

    Building and Construction

    • Property Age: 76
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 4802
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 12/18/2024 @ 05:43

  • MLS: 24431163
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 4,802 sqft, 7,619 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Valley Village , in zip code 91607, this Los Angeles County Home , it is in the FALLBROOK Subdivision, are nearby neighborhoods.