5222 Hermitage Ave

Estimated Monthly Payment: $35,113/mo 5222 Hermitage Ave, Valley Village, CA 91607 MLS# 21-747930 Residential Income Listing Status: Active
34
18,009 sqft
45
0
0
0

REMARKS:

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%.

OVERVIEW:

Residential Income
Active
1970
0.52
18009
None
Other
Other
Other

FEATURES:

Other

ROOM INFO:

34

FINANCIAL:

$7,700,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Filip Niculete - Marcus & Millichap

 

 

 

The data relating to real estate for sale on this web site comes in part from the Combined L.A./Westside MLS. Real estate listings held by brokerage firms other than Forward Studio City, Keller Williams Realty are marked with the IDX logo.

 

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Data last updated: 07/26/2021