5451 Hermitage Avenue
5451 Hermitage Avenue Valley Village, California 91607 United States

$3,750,000
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We are proud to present this 11 unit apartment building in an excellent Valley Village location. Built in 1963, the property is subject to Los Angeles City rent control. There is an excellent unit mix of spacious units which include Three...

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
$3,750,000
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.31 Acres
Exterior
Residential Income
Property type
1963
Year Built
21106215
Web Id
21106215
MLS ID
Los Angeles Unified
School District
16
days ago

About 5451 Hermitage Avenue

We are proud to present this 11 unit apartment building in an excellent Valley Village location. Built in 1963, the property is subject to Los Angeles City rent control. There is an excellent unit mix of spacious units which include Three One-Bedroom/One-Bath Units; Three Two-Bedroom/Two-Bath Units; and Five Two-Bedroom/Two-Bath Units. Approximately six of the units have been renovated. The building has been upgraded to a fresh modern facade with wood detail, newer roof and newer exterior paint. This building includes expanded courtyard space and new landscaping with native California plants designed for low water usage. Two new 50Gallon Bradford Water Heaters and new recirculating pump have recently been installed. Located just South of Burbank Boulevard and just West of Laurel Canyon, the property offers residents a very desirable location. Quick access to the 170 Freeway and just a few minutes from the NoHo Arts District, residents can easily get to plenty of dining, shopping and entertainment options nearby. With the easy freeway access to the 170, 101 and 134, plenty of employment opportunities in the neighboring cities are also a short drive away. Also within walking distance is the Laurel Canyon Station for the Metro Orange Line Busway. This opportunity is perfect for an investor looking for a recently renovated property with upside in rents as low paying units turnover. ***The LA City Soft Story Retrofitting work has recently been completed (Buyer to Verify)***

Listing Courtesy of Brett Sanson, Marcus & Millichap, 01387480, Active

features

cooling
Propane Heating

PROPERTY INFORMATION

Cooling
Wall/Window Unit(s)
Heating
Wall Furnace
Parking Description
Covered

ADDITIONAL INFORMATION

Number of Units
11

5451 Hermitage Avenue, Valley Village, California 91607 United States is a Residential Income for Sale for $3,750,000. Was built in 1963,  on a lot of .31 Acres ( m2) and it's composed from .


Listing Courtesy of Marcus & Millichap

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
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Based on information from CRISNet MLS as of at the data was obtained. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.