5228 Hermitage Avenue

Valley Village, CA 91607

  • 26 Bed(s)
  • 0 Bath(s)
  • 13,207 Sqft
  • 15239
    Sqft(Lot)
$4,320,000

Description

We are pleased to present hermitage court, a 15-unit apartment community in valley village, ca. built in 1970, this property is subject to la rent control (rso), but it is not required to have an onsite manager, saving the landlord a signicant expense.priced at $4,320,000, hermitage court is offered well below ula mansion tax's threshold of $5,150,000, allowing the buyer to increase the property's value without having to worry about paying for ula taxes on a future sale.this 13,207 square foot building sits on a large 0.35 acre lot, and it boasts an excellent unit mix of twelve 2-bedroom units (80% 2-bed units), two 1-bedroom units, and one studio. the property wraps around a beautiful courtyard with well manicured landscaping, and it is fully secured with all entrances closed off from the public. there's plenty of parking for the tenants with some private garages in the front and additional parking in the back. also, the property offers its tenants a pool and bbq area to enjoy.the seller has renovated 8 of the 15 units in recent years, leaving the buyer ample opportunity to capitalize on approximately 33% upside in rents through unit turns. also, the buyer could consider converting the garages into adus, adding to the total unit count and significantly increasing the property's value. hermitage court 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

    46728519

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Property Details

  • Bedroom Information

    • Total Bedrooms : 26

    Bathroom Information

    • Total Baths: 25
    • Full Baths: 0
    • Half Baths: 0

  • Building Information

    • Year Built: 1970
    • Building Area Total: 13,207

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3498
    • Lot Size Dimensions: 116x131
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 15239

  • Listing Price Information

    • Original List Price: 4,320,000
    • Listing Contract Date: 2024-08-22

    Lease Information

    • Listing Agreement: Seller Reserved

  • Tax Information

    • Parcel Number: 2347023022

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

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

    Building and Construction

    • Property Age: 54
    • Year Built Source: Vendor Enhanced
    • Total Square Feet Living: 13207
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 11/16/2024 @ 22:30

  • MLS: 24431091
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 26 bedrooms which is for sale, it has 13,207 sqft, 15,239 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.